JPY pairs Weekly Outlook and Trade Setups

@asuquokelvin - 5 days ago

Yeah. I'll be expecting DXY to resume buys next week, except it breaks below 100,350-100,000 major support region.

You will have to wait for fundamental datas to give you confirmation, if not the dxy remains that way, Fed policy is still pointing to a data dependent period so apart from this backup datas investors can't do otherwise, go into AUDUSD buys

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@godspowerdan - 5 days ago

yeah. You're right. I'll be watching for either of this scenario GJ next week.

Enter any of the scenarios with confirmation

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@nsg_usd - 8 hours ago

USDJPY : TRADE PROJECTION

Timeframe: Daily

Trend: Bullish
Technical outlook: Price opened bullish @162.10 and continued pushing to the upside and then reacted at last week thursday's opening Price @162.57.

@asuquokelvin @godspowerdan

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@nsg_usd - 8 hours ago

USDJPY : TRADE PROJECTION

Timeframe: Daily

Trend: Bullish
Technical outlook: Price opened bullish @162.10 and continued pushing to the upside and then reacted at last week thursday's opening Price @162.57.

After a rebound at the 160.48-161.09 Key support region on Friday last week, Price has rallied back to last week Thursday's opening price region.

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@godspowerdan - 8 hours ago

USDJPY : TRADE PROJECTION

Timeframe: Daily

Trend: Bullish
Technical outlook: Price opened bullish @162.10 and continued pushing to the upside and then reacted at last week thursday's opening Price @162.57.

You can't enter on the daily timeframe. What's your 1h or 15mins timeframe saying

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@nsg_usd - 8 hours ago

After a rebound at the 160.48-161.09 Key support region on Friday last week, Price has rallied back to last week Thursday's opening price region.

At New York's session, I'll be expecting price to rally above last week's high, @162.840.

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@nsg_usd - 8 hours ago

Quoted - godspowerdan

You can't enter on the daily timeframe. What's your 1h or 15mins timeframe saying

I'm not entering on the Daily. this is a low probability entry, but will still work, since the trend is strongly bullish.

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@nsg_usd - 8 hours ago

As long as dollar stays down on low data performance UJ equally stays down

Despite DXY's downside, USDJPY, continued it's rally this week, as expected.

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@nsg_usd - 8 hours ago

On UJ today- Price made a drop back to 161.00-160.60 Major Support region. to confirm the retest is solid,I'll love to see a double bottom at the region. Otherwise i'll be expecting a further downside.

On UJ- Price made a double bottom and confirmed the support region solid, as i stated last week Friday. and then resumed the buys this week.

@asuquokelvin @godspowerdan

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@asuquokelvin - 8 hours ago

USDJPY : TRADE PROJECTION

Timeframe: Daily

Trend: Bullish
Technical outlook: Price opened bullish @162.10 and continued pushing to the upside and then reacted at last week thursday's opening Price @162.57.

USD is fundamentally strong than jpy what caused that decline was just that NFP data that came out bad than expected

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@asuquokelvin - 8 hours ago

On UJ- Price made a double bottom and confirmed the support region solid, as i stated last week Friday. and then resumed the buys this week.

Usdjpy will see good upside above 162.624

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@nsg_usd - 7 hours ago

USDJPY : TRADE PROJECTION

Timeframe: Daily

Trend: Bullish
Technical outlook: Price opened bullish @162.10 and continued pushing to the upside and then reacted at last week thursday's opening Price @162.57.

USDJPY : TRADE PROJECTION

Timeframe: Weekly

Trend: Bullish

Technical outlook: With the further weakening of the JPYX index this week back to previous week's low @672.1 , USDJPY has significantly rallied in response maintaining a strong bullish trend amidst DXY retracements this week.

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@asuquokelvin - 7 hours ago

On UJ- Price made a double bottom and confirmed the support region solid, as i stated last week Friday. and then resumed the buys this week.

Fundamentally USD is stronger than jpy

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@nsg_usd - 7 hours ago

USDJPY : TRADE PROJECTION

Timeframe: Weekly

Trend: Bullish

Technical outlook: With the further weakening of the JPYX index this week back to previous week's low @672.1 , USDJPY has significantly rallied in response maintaining a strong bullish trend amidst DXY retracements this week.

The Dollar-Yen has gained +0.69% so far this week against the -0.23% decrease it dropped last week. the recovery rate is high, showing high chances to still continue it's rally above last week's high at 162.840 before the week is over.

@yokoyi @godswillfx @asuquokelvin @godspowerdan

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@asuquokelvin - 7 hours ago

USDJPY : TRADE PROJECTION

Timeframe: Weekly

Trend: Bullish

Technical outlook: With the further weakening of the JPYX index this week back to previous week's low @672.1 , USDJPY has significantly rallied in response maintaining a strong bullish trend amidst DXY retracements this week.

That divergence is worth watching. If JPYX continues making new lows while DXY retraces, it suggests JPY weakness is the dominant driver. I'd stay bullish on USDJPY until JPYX starts recovering or USDJPY loses its higher-high, higher-low structure.

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@asuquokelvin - 7 hours ago

The Dollar-Yen has gained +0.69% so far this week against the -0.23% decrease it dropped last week. the recovery rate is high, showing high chances to still continue it's rally above last week's high at 162.840 before the week is over.

Consider the fundamentals ahead, USD is moderately strong it's cooling off fundamentally but it's not crashing, just Look closely at the fundamental

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@nsg_usd - 7 hours ago

Fundamentally USD is stronger than jpy

Despite the data, fundamentals surrounding Yen currently has more impact on USDJPY than that of DXY.

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@nsg_usd - 7 hours ago

Consider the fundamentals ahead, USD is moderately strong it's cooling off fundamentally but it's not crashing, just Look closely at the fundamental

CPI is next week until then, i'll stick to my technicals.

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@nsg_usd - 7 hours ago

You will have to wait for fundamental datas to give you confirmation, if not the dxy remains that way, Fed policy is still pointing to a data dependent period so apart from this backup datas investors can't do otherwise, go into AUDUSD buys

Yes, having fundamentals correlate with technicals will be good, but I don't have to wait for fundamentals to back up my bias all the time. They always align whether i check it or not.

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