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JPYCNY

Yen Bearup Strategy AnalysisI suggest a bearup strategy that is tick focused on profitable bidding on the negative correlations for the yen. That means when a wave reaches a low point, it buys and then sales at the positive burst over and over again. Though this has generally been a negative trading pair, there a shorts that are filled with positive correlations that can make this profitable whether at 0.49% positive returns or up to 6.79%+ with commissions. Utilizing a bearup with 170+ pips, can also be extremely profitable when using it in automated trading.
by gamer456148
Yen going to 61.8% and 76.4% very likely.Yen going to 61.8% and 76.4% very likely. See chart.
by JoE
Updated
For now it is better to hold yen rather than yuanUntil the end of 2016, cheaper Japanese yen against Chinese yuan(aka renminbi) is very unlikely despite it's now out of the previous ascending trend channel. On the other hand, I found a wedge on RSI which indicates that the price would not drop any time soon. It's my first time posting chart on tradingview.com, leave me a comment if you have questions. Thank you!
by JoE
Updated

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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