JPYUSD: Long yen, deleveraging in the background

2016年4月2日

In this chart I analyze the currently active signals in the JPYUSD chart, as an alternative way of approaching USDJPY to prevent biases.
I'm seeing an active 2 week trend, which has until June 27th to complete, but also if you dial down to the 3 day chart, you can see a valid uptrend signal emerging from the recent 'impulsive' leg to the upside.

I'm interested in going long the yen in this zone, and aim ideally, for a retest of the dowtrend mode near 0.009875.
The time at mode signals, tell me price could stop at 0.009256 or 0.009489, so, take heed of these particular levels, for either a retracement or reversal of this trend.
I'd expect the equities to correct the recent advance, in the wake of this yen uptrend continuation, as risk off sentiment takes over once more.

The trade: Go long JPYUSD, or short USDJPY, ideally on a retracement, but if not, you can take it at market price and keep stops 1.2%+ away from this week's close.
Target a 3 to 10% distance from entry, approximately. Holding time, or ETA to reach the targets is before June 27th.

Good luck if taking the trades.
Cheers,

Ivan Labrie.

2016年4月2日

註釋

Monthly view of USDJPY. The time at mode target predicted the top (minimal margin of error).

There's a monthly RgExp target at 102.517 that has to be hit during May to confirm the downtrend's strength.

3 day chart:

2016年4月4日

交易進行

2016年4月5日

註釋

Above 0.009092, nothing's stopping the rally.

2016年4月6日

註釋

We're approaching the 'nothing's stopping this rally' mark, watch closely.

2016年4月8日

註釋

Target 1 hit, I'm following this one closely in my other publication.

2016年4月15日

註釋

The blue box which was resistance is now support. Let's see if it goes for target #2 and #3.

2016年4月29日

註釋

Back on track.

2016年5月23日

註釋

Long after retesting low volume support.

2016年6月25日

交易結束：目標達成