JXY trade ideas
Japanese Yen Index (Wait 99 points for a break up)The Japanese yen index on the historical frame is bullish and it is currently making a correction to be launched, but in the long term it is in a downtrend and made a correction in the form of a symmetrical triangle by breaking this triangle and it is 88 point , so that the direction and descending completes to the levels shown below is confirmed, while the alternative scenario, which is the closest vision to it, is the rise. but with a condition that it must break even to complete its historical ascension and without breaking it, it will enter a phase of fluctuation, but by breaking its point 88, it will complete the decline as noted.
JPY upside for few daysJPY sellers has been week.. buyers take the batton for few days . it ll reflect on usdjpy and chfjpy.lets see
Should JXY finds support at trendline @91.4 next weekShould JXY finds support at trendline @91.4 next week???
JXY has new fiscal stimulus for next year, and suppose to support the currency to be higher.
We will observe if JXY finds substantial support at trendline and find good time to buy!
Jpy Index OutlookJpy looks like it could have a strong finish of 2019.
The index is trading on an ascendant trend, putting in higher lows
Friday candle is a pin bar and a break of 92.20 zone could expose 93.50 zone in the medium term.
Strategy:
Look to sell especially EurJpy, AudJpy, CadJpy and ChfJpy
