JPY pairs Weekly Outlook and Trade Setups

Keep an eye on it

JPY pairs can be something else

Me am just sad today gold didn't play out as expected I have just rest for today thank God I secured little profit today

Oh you caught the New York Session sells. That's nice. Still expecting it to break above 60,600

Where you looking out for sells or buys on Gold? cause i'm suspecting it will either buy tomorrow, or wait till NFP

Truly they can be something else. But i won't lose hope on it. still following it closely

Whenever USDJPY Buys is confined within a narrow Channel, The bullish trend can last for weeks. it's a behavior I've observed in almost all the JPYs, but mostly USDJPY.

Not just quick caution, extreme caution. The UJ buys is leaning both on JPYX weakness, and DXY weakness. The pair is a one of a kind.

GBPJPY didn't break out of the yellow channel, It just continued to rally.

Still looks bearish to me, just let the market be

When there's setup, you'll see it for yourself

This is actually wild, the whole bullish move is crazy because there's no entry i can even spot from here

Just look at this

I caught the sells that yesterday I was too greedy instead of taking 17k out I decided to wait for tp hit at 19k And price now reversed to 9k before I could close it was so painful to me all I made yesterday on BTC was just 12k, the image shows my first and second entry

Yesterday I was looking for buy reactions at 4003 that was my level but didn't get a good reaction till 5pm so that was why I left it, newyork was pumping up and I thought oh it will help push the movement but didn't so I knew gold was going to fall, but wasn't interested because the direction was not certain at all

That's just the uncertainty that comes with trading. My mentor would always say that Tp is an illusion

Although dxy has started showing some changes which looks positive, it failed to break below 101.051 and rallied above 101.387 which is a minor trend shift untill we see a break above 101.526 then we can consider it a major trend change because that level was the previous bearish order block and that's what is causing EUR and gold weakness so far

Normally my tp is always close to a previous low or high not really at the high but I messed up yesterday seriously, but I am still looking at BTC closely , but usdjpy is just rallying up, I think it's time it visits the fair value gap at 161.930 , before reversing but a strong break below there can give more downwards

On GBPJPY- hopes of retracement back to 214.013 price region is very slim, cause of this volume pattern imprint it wants to use as back up to continue its rally from the break and retest of the 214.700-214500 price region.

I had this UJ setup at midnight, but sleep didn't allow me to look at it critically. I just woke up to see it gone.

To see price back at that that 161.30 price region won't be anytime soon i guess. Funny enough, that's exactly where i saw price last at midnight when i was looking at trading the Asian Session, but sleep dealt with me.

I was contemplating on everything yesterday because dxy was just not doing well only to come this morning to see dxy breaking above 101.387 then I decided to check that UJ and noticed it was already flying, but seeing that UJ from that zone it's as if it will definitely fall, to that level before continuing, so wait for a re-entry at 161.930 again