Price is at or just below key levels of resistance on each of the Yen pairs. Taking the analysis on the US10Y and S&P500 into account and our alpha regarding Jan profit-taking, these are key levels to be paying attention to. Of course, at the time of writing this post, we have not printed any reversal patterns yet so if you are trading this alpha then you are paying close attention to key monthly and weekly pivot points and reversal patterns at these prices while closely watching that support on US10Y and resistance on S&P500 and other indices. Please note that if this post does not have any charts please refer to the one that does.

AUDJPY Daily

MR1 is resistance. Next level of resistance is the bullish target for January.

AUDJPY H1

Waiting for reversal patterns to setup on H1. Note that price will be opening in the weekly sell zone.

NZDJPY Daily

MR1 is resistance. Next level of resistance is the monthly bullish target for January.

NZDJPY H1

Waiting for reversal patterns to setup on H1. Note that price will be opening in the weekly sell zone.

CADJPY Daily

Price is at the monthly target for January and the top of the range with an overbought stoch.

CADJPY H1

Waiting for reversal patterns to setup on H1. Note that price will be opening in the weekly sell zone.

EURJPY Daily

MR1 is resistance. Next level of resistance is the bullish target for January.

EURJPY H1

A possible head and shoulder pattern setting up with a right shoulder required at WM3. If you are conservative then you could be waiting for a break below 136.000 after the right shoulder has formed before looking to sell rallies.

GBPJPY Daily

MR1 is resistance. Next level of resistance is the bullish target for January.

GBPJPY H1

A possible head and shoulder pattern setting up with a right shoulder required at WM3. If you are conservative then you could be waiting for a break below 153.000 after the right shoulder has formed before looking to sell rallies.

2 thoughts on “Yen pairs week ahead”

  1. Marc Frommhold says:

    Wonderful post Ryan, Thanks a lot.
    Please let me ask you how do you get the pivot points for next week already plotted on your charts?
    Which indicator do you use if you don’t mind to ask you.

    Thanks
    Marc

    1. Ryan Gandalf van Jaarsveld says:

      Thanks Marc – dude I don’t mind at all, I got them thanks to Wayne. Serious time saver – was previously calculating them manually on a spreadsheet, quite a job. Here is the link to download them, use the Wyatt’s Pivots 20150517.ex4 file as it has the option to show pivot point labels 🙂 Happy trading brother! https://www.forexfactory.com/showthread.php?t=538297

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