USDJPY Futures
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Market insights
JPY index, don't think about selling methis is the JPY index says don't sell me front of any other currency
4hr MJY1! 8/7/16This is the futures of USDJPY, which is JPYUSD. The spot price, USDJPY, is the inverse of this chart.
Great short for this pair, which is long USDJPY. Should see a minor low, .9250 is my tgt area currently and once this is achieved we should reverse and rally. When MJY1! is at .9250 this would be a great short in USDJPY.
Bearish setup on JPY Index (J61!)We can see that JPY Index is exhausted right now and we believe we are seeing a setup of a Market Makers Buyers Profile, this means quit a big drop on JPY (Yen pairs) before it eventually turns back up. For now we are VERY BEARISH on JPY Index
$JPY - The FEAR - life after 5th wave extension. ... it looks ugly /for $NIkkei/. We are waiting for #Abenomics part 4. Will the sun rise on Japan again?
JPY FuturesSo this move upward was very strong and direct, expecting some reversal either t holds at the new support and surges higher, which seems a bit outrageous to me, i would expect a bit more of a consolidation and fall back possibly to the heavily confluent area. If it goes ahead i ahve a fb level at .959 level for a target.
Yen to SPX correlationThis is an inverse Correlation.
A weaker breakout. If this holds off, around the price zone. Be cautious with the US stock market. Nothing scares me from the market internals perspective for a down move. Such correlation is where everything begins.
- Caution Zone.
J61With the yen ending Friday with a dojo up against trend line resistance, we can expect a re-tracement back down. This would result in a rally in the overall stock market.
Yen Index starting going Higher (Nikita FX )This shows Yen Index has started its breaking-thru the Long-term descending Resistance Line.
And also Golden Cross (DMA 50 & 200) has just been accomplished today (Red line is DMA50):
stockcharts.com
I added Daily Bolinger Bands on this Chart.
Present situation is that Bollinger Band upper line is expanded upward.
Its bullish trend came back with Yen Index.
(my previous prediction:10 months ago was almost correct.....)
Nikita FX (climbingfx.jugem.jp )
Yen - Long Term TrendThe Yen is sitting near an important trend line going back to late 70's.
Could be near an important turning point. A break in the current downtrend similar to 90' and 98' could be the start of an extended rally in the yen.
FXY is the corresponding ETF to watch.
Yen Major Move Up Coming! Custom COT Indicators!Overview.
-This is the Beginning of a Educational Series from Jake Bernstein to the TradingView Community.
-Many Traders use the COT Data Incorrectly.
-Jake Discovered if You Look at the Net Commercials and Take Note When Commercials net Buying is Either At All Time Highs, Or Net Buying = Longest Period of Buying Look for an Extreme Move To the Upside.
-In The Future We Will Show Precise Entry Signals…But a Basic Entry Signal Is When Commercials Go From Net Long to Net Short.
-Full Credit in Methodology goes to Jake Bernstein at www.Trade-Futures.com and www.2Chimps.net
Thought Process:
-Commercials Represent Large (Typically Billion Dollar) Companies.
-Take Note - When Commercials Are Buying at Record High
-Take Note - When Commercials Are Buying For Record Long Periods of Time
***Note…Commercials Can Buy For Extended Periods Dollar Cost Averaging…
***Basic Entry Listed In Overview.
***More Precise Entries Will Be Introduced Soon.
Take Note When Commercials STOP Buying and START Selling
Indicator Shows Net Commercials
-Full Credit goes to Greeny for Creating Original Code. I only made slight modifications.
Lower Indicator Modifications include
-Took Off Net Long and Short Individual Plots
-Added Optional Background Highlighting when Commercials Switch from Long to Short
-Added Optional Alert Capability If Commercials Go From Net Long to Short
-Ability to Show INVERSE - This makes it Easier for some Traders to See…Since the Signals look similar to MacD/RSI Type Indicators.
Upper Indicator Modifications include:
-Added Ability to Plot Text Entries when Commercials Switch From Net Long To Short
-Added Optional Background Highlighting when Commercials Switch from Long to Short
-Added Optional Alert Capability If Commercials Go From Net Long to Short
***Additional Indicators and Updates Coming Soon
***Link To Lower Indicator & Upper Indicator Below Under Related Ideas:
Japanese Yen sell set-upJapanese Yen (J6H15) is in clear bear trend. A trade below 0.8294.support would open major sell off. Target tbc. Close by 11Mar15.
Crime...what crime? The J6 has returned to the scene of the crime and has kissed it good bye. A breach of the 8388 are and we will goto a lower time frame to look for a trigger. This will support higher equity prices.
Pressure for equities?The J6 has broken out of it's pattern. This is bullish for equities and could place pressure on the indices.
See our weekly outlook: youtu.be
