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Japanese Yen Currency IndexJJ

Japanese Yen Currency Index

68.02USDR
+0.38+0.57%
At close at Aug 15, 22:22 GMT
USD
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JXY trade ideas

JXY Testing HighsJXY is at the 96.1 level having pulled from 95.5, there is a possible rise to 96.4 and that may possibly create lower lows for UJ. At this profile page, the shared analysis, ideas and also, the strategy of a chart belong to Khiwe. The technical set-ups are speculative, they are not guaranteed for accuracy or in completeness in the form of any content; -it is not to advice on financial markets. Please apply your own analysis and confirm it with price action.
TVC:JXYLong
by Khiwe
JXY (Yen Index) On the Yen Index we are seeing some play off the 50%. there are no Harmonic Patterns currently on the Index but off the Fibo. so for the monday trap move we can have a move up to the 50 and then reverse. The Commercials have increased their longs by 10,000 orders. Now, an interesting thing on the Non-Coms side of things is that the Shorts marginally increased thier side while the Longs probably took profit or recorded their loses. they decreased their position (13,096) which leaves room for downward momentum with ease. So again there is not much room for PA to touch the 50% retrace then I do see price moving down quite rapidly! on to the Net Data Commercials- Current = (13,302) // previous (28,488) Non-Coms- Current- 17,462 // previous- 32,579 from the net positions it looks like the sides are stepping closer to the Zero Line
TShort
by ARegularGuy
Japanese Yen Index Key Trading PlanJapanese Yen Index is currently on sideways. The price is most likely to consolidate before making a new momentum trend. Whether its upward or downward trend, we have yet to see if the price breaks the key resistance level of 94 (upside movement) or breaks the support level at 92 (downside movement). ‼️Disclaimer: Please be advised that we are NOT Financial Advisors. We are not responsible for the results of your Forex or CFDs trading. The only person responsible for profits or losses is yourself. You should not consider any market information, educational and analytical material as trading advice that defines your trading actions but purely as educational market material. Please be advised that S.I.D. Capital shall not be liable for any errors in quotes and trading platform software errors. ‼️This Channel and all information is intended for educational purposes only and does not give financial advice. S.I.D. Capital Signals is not a service to provide legal and financial advice; any information provided here is only the personal opinion of the author (not advice or financial advice in any sense, and in the sense of any act, ordinance or law of any country) and must not be used for financial activities.
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by SIDCapital