USDJPY | Wave analysis of the ticker

#USDJPY. And I’m looking for a place to short this too.

I haven’t looked at the Yen since February( https://t.me/eightyninewaves/3374), but in the meantime it finished the first downward impulse and went into a correction. That correction is marked on the chart by the wave [2], which is supposed to end in May in the area of 142. I plan to try to short the pair there.

I also plan to enter with a sell-stop order on a break of the correction channel down, which is shown in the chart. I think the currency of the Land of the Rising Sun will strengthen very substantially against the US dollar and other world currencies.

On the 13th we have Japan here, and a month ago I gave you my view on the Japanese economy – it could be the leading economy in the region (https://t.me/eightyninewaves/3299). And a leading economy must have a strong currency. I talked about this on October 13th, reviewing the higher timeframes (https://t.me/eightyninewaves/3138).

I haven’t forgotten about the lower degrees either, two months ago I posted the last update (https://t.me/eightyninewaves/3249). On that forecast we took more than 15% of the downtrend. Is it time to talk about whether it is worth shorting the dollar/yen further?

My guess is yes. Both counts on the chart suggest its strengthening for now. If not to label an ending diagonal in the wave [C] of “IV”, I have no options of a big uptrend against the yen, yet.

#USDJPY. Is anyone here actively trading forex? In particular, the yen is of interest. I’m still shorting it, but I’m too lazy to label it.

On the weekly timeframe of October 13 this year, the cyclical negative wave “IV” (or [A]/[W] of “IV”) on Japan was about to end – I warned you about that here (https://t.me/eightyninewaves/3138). Since then, the yen has reversed and strengthened nearly 10%. The wave analysis helps to predict in advance the trend change points.

The downtrend in the pair is just beginning and I take all price pullbacks as an opportunity to add into shorts on small degrees. The approximate labeling of these very small degrees is on the chart. Next year I expect to see 100 yen per 1 U.S. dollar.

#USDJPY. I haven’t updated the yen in a while in the premium, only in @eightyninewaves. The impulse is down.

#USDJPY. A couple of hours ago I added into the long.

#USDJPY. A bit late, but today I took a small long of the pair. Logic is on the chart. There is a stop and a take there.

While the wave [C] of “IV” is developing at small degrees, which is close to its end (https://t.me/eightyninewaves/3046), I suggest dealing with the highest degrees of the pair.

In my hypothesis, I proceed from the fact of the defeat of Japan in WW2 – the most powerful negative event that became the end of the cyclical correction “c”. Since then, a cyclic impulse of the same degree has been developing downward (in a positive direction, in this case), waves “III” and “IV” of which you see on the chart.

And if the wave “II” was associated with the occupation of Japan and lasted about 25 years, when the Japanese national currency practically did not exist, now we can only observe the wave [A]/[W] of CT/FL/DZZ, but not at all not the end of “IV”. If this hypothesis turns out to be correct, then a negative event comparable to the occupation will happen in Japan, and only in 15-20 years the public mood and the yen will continue the long-term positive trend with the cyclic wave “V”.

#USDJPY. Approximate structure for an idea from @eightyninewaves channel. Growth is not complete, yet.

A month ago, we hit exactly into the end of the uptrend for the pair (https://t.me/eightyninewaves/2955). Since then, exactly according to my forecast, the yen has appreciated by 6%. But is this a turning point for the weakening of the dollar already? I still have big questions about this hypothesis. The structure is very difficult to fold the completed formation up here.

As for trading, I closed the short of pair on Friday. As I wrote earlier, I have EURUSD and GBPUSD longs, and a small DXY short. This means that shorting also USDJPY is an excessive risk. I plan to wait for the completion of the expected diagonal (5) of [C] to resume the pair’s short.

I write little about the yen, even though it goes +/- according to the plan. The fact is that while the downward trend for strengthening has not begun here yet, there is nothing to trade (in my opinion).

Today, according to the plan, we have to talk with you about the currency of the place where the sun rises. It is in a bearish trend, because China is becoming a hegemon (https://t.me/eightyninewaves/2914). The technological and manufacturing sectors of the Japanese economy are very gradually losing out in the competition of the Celestial Empire. Which naturally exacerbates political contradictions and will soon lead to a military conflict and defeat (the battle for Taiwan?) as part of the completion of the alleged cyclical wave II .

#JPY #USDJPY TF: 4H At low and medium degrees, if you look at the chart, you can see signs of completion of the most powerful part of the devaluation within the wave 3 of (3). In the foreseeable future, I expect a sharp correction in the wave 4 , similar to the upcoming correction in the US dollar index (see recent post).

Share this channel, please, with other people interested in trading. It is very easy for you and it will be very helpful for me. Do appreciate your help
#89waves

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#JPY #USDJPY TF: 4H

The devaluation of the yen continues, which indicates a negative sentiment in the Japanese economy. And the bottom is not visible yet – this is the most powerful devaluation since the Second World War. And unfortunately for Japan, the sentiment of the end of II will be comparable to a nuclear bombing. This may be a military conflict with the PRC and/or the Russian Federation and defeat in it.

#JPY #USDJPY TF: 1W, 4H Supporters of liberal economic thought will say that the devaluation and the resulting inflation is a boon for Japan, which cannot get out of the deflationary trap. And I will say that this is not the inflation that they were looking for – it is caused by the energy crisis, which will lead not to economic growth, but to a drop in industrial production and losing to China also in the economic war.

Share this channel, please, with other people interested in trading. It is very easy for you and it will be very helpful for me. Do appreciate your help
#89waves

You can ask any questions in the chat: https://t.me/ewt_chat

#JPY #USDJPY TF: 1W, 4H

If you understood nothing from the title, then check out the previous update two months ago (https://t.me/eightyninewaves/2520).

I believe that from the area of ​​green fibos it is possible to take a short, especially if you did not take it from the ending diagonal (v) of [c] of C . Stop-loss is in the area of ​​the orange level, takes are in the area of ​​the wave [b] of C .

Share this channel, please, with other people interested in trading. It is very easy for you and it will be very helpful for me. Do appreciate your help
#89waves

You can ask any questions in the chat: https://t.me/ewt_chat

#JPY #USDJPY TF: 1H

I bet you haven’t seen such a stretch from me, yet! :o)

Today is the 13th, which means now is the time to update the Japanese yen (https://t.me/eightyninewaves/2434). But the problem is that I have no idea what has been happening to it on high degrees for the last 5 years. This is all a series of very difficult to markup and painful for trading zigzags.

Who comes up with an elegant way to label it, I will shake his hand from the bottom of my heart when we meet. Until then, watch my art…

Share this channel, please, with other people interested in trading. It is very easy for you and it will be very helpful for me. Do appreciate your help
#89waves

You can ask any questions in the chat: https://t.me/ewt_chat

#JPY #USDJPY TF: 1D

Completely unchanged since update a month ago (https://t.me/eightyninewaves/2389). The idea, let me remind you, is to wait for either the end of the ending diagonal according to the gray count; or enter a sell-stop order on the breakdown of the green level.

We are waiting for the resumption of the long-term decline in the pair (the strengthening of the yen) by at least 10% of the current prices. Which is a lot for forex.

Share this channel, please, with other people interested in trading. It is very easy for you and it will be very helpful for me. Do appreciate your help
#89waves

You can ask any questions in the chat: https://t.me/ewt_chat

#JPY #USDJPY TF: 1H

As you must remember, I took a short for the couple (https://t.me/eightyninewaves/2352). The only problem is that the visual wave pattern is doubtful for the short now. The wave [i] looks more like a zigzag and the wave [ii] looks like an impulse. This suggests that triangle (X) is not just incomplete, but even the wave C has not been set in it, yet.

Both options are on the chart, I will continue to short only on the confirmation in the form of a breakdown of the green level or according to the strategy of trading the ending diagonals with a stop in the area of ​​the upper red level.

Share this channel, please, with other people interested in trading. It is very easy for you and it will be very helpful for me. Do appreciate your help
#89waves

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#JPY #USDJPY TF: 4H

I can’t say that everything is going according to the plan (https://t.me/eightyninewaves/2305), but the pair doesn’t go too much in the opposite direction, too.
Entering from the 5th or even 10th time is quite normal when trying to catch a 15% move with a tiny stop.

I am in the short of the pair with a stop in breakeven. If it closes, then I will re-enter by the strategy of trading of the ending diagonals.

Share this channel, please, with other people interested in trading. It is very easy for you and it will be very helpful for me. Do appreciate your help
#89waves

You can ask any questions in the chat: https://t.me/ewt_chat

#JPY #USDJPY TF: 5H

A month ago we were waiting for its completion (https://t.me/eightyninewaves/2265). And finally it ended, presumably :o) Deflation in Japan, inflation in the USA. We are waiting for this to be reflected in the forex market, it has already been in the sideways movement too long.

Starting next week I will begin to build up a short on the pair using the initials trading strategy. The stop is very close and the take is very distant. I am aiming for the pair in the area of ​​about 94 yen per dollar.

Share this channel, please, with other people interested in trading. It is very easy for you and it will be very helpful for me. Do appreciate your help
#89waves

You can ask any questions in the chat: https://t.me/ewt_chat

#JPY #USDJPY TF: 1H