Haynes6EU's Blog

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Blog 18/9: Buy USDJPY follow new up trend!

Hi Traders,
USDJPY has move side way since the begining of this year. Price bounced back strongly from low level 107.5. I expect it's time for new up trend in weekly chart. let's see the weekly chart below:
Good luck to all traders
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Blog 2/6: Buy USDJPY for a new leg high

Hi Traders,
USD/JPY has several months for correction from high level after Donal Trump won election. I think it's time to decide a new direction for the pair: spike with inflation, bond yield or fall with deflation and politics risk. The daily chart shows strong demand support at 110.5 I expect price increase or at least slice at this level.
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Blog 22/5: Sell USDJPY at the begining of the week

Hi Traders,
USDJPY fall sharply last week. I expect that falling process will continue this week. So I setup a sell limit order at supply area in H1 chart. Let's see chart below:
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Blog 8/5: Sell USD/JPY at upper bound of down-channel

Hi Traders,
Prices USD/JPY is standing at upper bound of down-channel started since Jan 2017. That would be attractive to sell with good risk/reward ratio . I setup a sell limit order at 112.7 and stop above 113 level. Let's see the daily chart:
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My wrong trade as try to catch top or bottom!

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USDJPY - Inside range of down-channel!

Hi Traders,
Below is my technical view on USDJPY pair, this analysis base on balanced distribution. Because the technical contest is to predict price on 1st of June, so I use weekly chart for trend and range forecast; daily chart for price point forecast.
Weekly chart: Price is in down-channel from Jan 2017 from high level 118.xx, price just bounced back from 108.2x. Price is standing at balance area in weekly chart, I think market need several weeks or months to accumulate before break to upsid…
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Update 1: This pair was still in down-channel and stand at upper bound. I think that would be risk to buy at this level with expectation price will go higher. I wait and see price action at this level to make decision.

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U[date 2: USD/JPY is trading circa 112.8 as of writing. I'm waiting for sell signal from market to go entry.

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Update 3: JPY and Gold is very weak as demand for safe asset reduce and risky asset increase because US economy and inflation expectation are good.

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Blog 23/4: USDJPY retest low level!

Hi Traders,
The down-trend of USDJPY is very clear on the weekly and daily chart. Price has some adjustment to up-side but I think the adjustment should be limit. I expect that the price will retest low level so I setup a short position USDJPY.
Best Regards,
Haynes6EU
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USDJPY - Interesting price action!

Hello community,
The pair USDJPY move down to 124.02 after bad data US trade balance, after that price move up very strong made doji candle in H1 and now standing around 125 level. I think that price show strength of Bull, so What next level for USDJPY? visit again 125.8 or more?
Good luck
Haynes
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USDJPY - sell setup in H4 chart

Hello community,
Have a good trading month to all
I start trading this month with short usdjpy setup. I saw that Bull power is weak now and this pair is consolidating at top around 124.5 level. I will wait for good entry to join. Look at my chart for detail:
Good luck
Haynes
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My bad idea :(

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Buy Yen as China stock index show signal fall again

Hello community,
Shanghai composite fall from 12th June break major support level at 4000, it makes some gain from 8th July and now the chart shows signal to fall again. Meanwhile, commodity price continue to fall sharply. I think it would be a chance to speculte on save-haven currency JPY, so I buy!
It seems that the pair USDJPY can't break 124.5 level and it has to move down from there. Look at my chart for detail:
Shanghai composite:
Have a good trading week
Haynes
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What next for USDJPY?

Hello community,
USDJPY finished a interesting week as open at 122.6~122.8 area, the pair move down to 120.4 and reversal back to inittial area 122.8 around to close this week. In near-term market seem stable but longer-term the market continue weighted by risk from china and EM market when FED hike rate... So what next for USDJPY and crossed pair XXXJPY?
Can the pair USDJPY continue go up to break descending channel or temporary move in balanced range to consolidate and prepare for next destina…
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