Weekly analysis for Japanese Yen Index (02/06/2025)Last week story - Price have taken weekly low last week, touched the daily FVG and immediate reverse at that point. Break back into the weekly level.
This week bais - bullish :)
EURJPY and other crossesYou can see that JPY has becoming stronger over the last couple of days, and today it broke previous structure and broke above the recent low.
If this continues, we will see the JPY crosses continue to head lower.
JPY indexDAILY fractal is bearish .
2h current swing structure is bearish as well .
And Now waiting in 2h to 1st sweep the liquidity then will wait for choch to take entry.
RR : 1:3 , So to conclude xxx / jpy pairs are in buying zone.
JPY index1- jpy swing is bullish clearly on 1d TF.
2- 2h swing is looking bearish .
3- 2h internal structure just gave shift toward downside .
-> so xxx / jpy is bullish now for short term until we didn't shifted to upside
JPY indexoverall swing structure is bullish
fractals and inner structure is bearish
1d fractals already gave downside break so looking to move toward downside marked DEMAND zone .
the entry is from supply zone with fractals structure shift in 2hr
SO , xxx / JPY -> longs
JPY index
JPY index::
1d swing bullish
1d fractals shifted to bullish
waiting for price to hit daily supply then give drawn movement .
If the scenario playsout then xxx / jpy giving great oppurtunity for shorts
JPYX SHORT IDEAPattern: Rising Channel Breakdown
Entry: Price has broken below the rising channel, confirming a bearish structure. Retest might occur before further downside movement.
Target: Looking for price to reach the key support zone around 745.0
Confluence:
• Trendline break
• Lower highs forming
• Poten
JPY bullish scenarioThe JPY index has the opportunity to push the Japanese yen and thereby strengthen the currency against others in the next month.
JPY Currency Index Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# JPY Currency Index Quote
- Double Formation
* (Diagonal) | Completed Survey
* Trendline Crossing | Entry Feature & Short Position | Subdivision 1
- Triple Formation
* 012345 | Wave S
Japanese Yen Index The trend is your friend until it ends.
As you can see Japanese Yen Index is still on a Up trend.
Key level break out and retest.
Support line of Bullish pattern break out and retest.
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.