JPY pairs Weekly Outlook and Trade Setups

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

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

From the daily outlook, i won't be expecting the retest today. I've known JPYs as assets that hardly comes back for retest immediately they breakout of key major zones.

From the daily outlook, i won't be expecting the retest today. I've known JPYs as assets that hardly comes back for retest immediately they breakout of key major zones.

The Current Rally on USDJPY is sponsored by JPYX weakness, not the dollar strength. UJ is more receptive to JPYX index than DXY index 60% of the time.

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 don't just trust jpy pairs. The whole bullish displacement is crazy. No entry at all

It's just pumping up with coming down

So the jpy index is opposite to the UK itself?

UK or US?

I don't just trust jpy pairs. The whole bullish displacement is crazy. No entry at all

Sorry it's UJ not UK sorry for that , so how is your trade going? I scalped gold sell am out, and took profit already

😂😂😂 Jpy pairs for a reason

Make sure you confirm that price breaks that high that is left as a wick. Price can be fishy... If not gbpjpy might as well turn bearish

So the jpy index is opposite to the UK itself?

I took Profit on my Silver buys. It was left with few push to hit tp it started retracing. had to secure my profit.

Yes it is. When the JPYX index is Selling, Expect Strong Pumps in USDJPY.

Okay so it's an inverse correlation

That's good, I also took gold on multiple, holding till tomorrow, but if tp hit still good but if not, I will close in 10k incase price start reversing