3 Great Short Occasions With JPY

Published 05/24/2018, 04:33 AM
USD/JPY
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GBP/JPY
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NZD/JPY
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Today, we do have three pairs with the Japanese Yen. The first one is the GBP/JPY, which is giving us a super strong long-term sell signal. The pair, already broke all major supports and now is testing the closest one as a resistance. First contact was bearish but it seems like we will have another test soon. Double top on such an important level can be a marvellous trading opportunity.


The next one is the NZD/JPY, which is very close to deny the strong buy signal created by the piercing pattern on the weekly candles. We are on the crucial long-term support and a bearish breakout can cause a real waterfall here with a bearish opportunity for hundreds of pips.


The last one is the USD/JPY, which already broke the trendline and the horizontal support on the 110. The first one, was already successfully tested as a resistance and the second one should be tested soon. A bearish bounce from the 110 will be a legitimate sell signal.

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