jxy ideaperfect gap has been formed right on the 1.618 fib level of this large intuition manipulation( circled in green). this sideways setup has made a way for a sharp setup going down to the 1.618. both sharp and sideways setup are about the same magnitude as-well. use this information when trading jpy pairs the next following weeks. Remember your a trader not a robot, this information is just an idea/ rough estimate of what I believe JXY will do. Thank you for you time !!
Japanese Yen Currency Index
68.24USDR
−0.03−0.04%
As of today at 13:48 GMT
USD
No trades
JXY trade ideas
JXY OUTLOOK FOR AUG 29 - SEP 3 first mark up for JXY as I am introducing a new trading pair to my list - GBPJPY
- will start doing weekly reviews / outlooks, along with Economic Data in relation to the value of the Japanese Yen
- will be using JXY as tool to gauge the price differences between GBPJPY
- will also be looking at the UK Equities market, Asian Equities market
- conducting fundamental analysis for GBP and JPY