7/8 level-yelow line and +1/8 white line:…

Risk off

Much to the chagrin of the Japanese Ministry of Finance and the Bank of Japan, the markets have taken an aversion to the data released over the past few days and risk is back off the table.

Having had a brief look at life above 80.00 and 104 we now see the JPY strengthening. It will be some time before the Japanese authorities considering intervention but tactically they may have missed an opportunity while the market was looking at a weakening JPY.

The Euro has…

At the start of the week I posted a trade opportunity for the USD vs JPY in which we were looking for a short opportunity based off of the price breaking outside of the bottom of the Kumo for a Kumo breakout trade. We'll it took the whole week but finally today price did break the Kumo and close below that level. This level @ 79.779 is the ideal entry for a short opportunity as we see all signs on…

Following up on our trade idea with AUD vs JPY using the Ichimoku system we entered the market after the daily candle closed below the support level at 82.657 and we are profitable as the pair moved 106 pips in our favor today. Adjusting our profit target and looking at the colored zones we have the fib expansion levels. We are looking for the market to make a 1 to 1 ratio or…

With the Yen being one of the strongest currencies of late we will look at the opportunities arising from it's recent strength. With all Ichimoku signals bearish on the daily time frame our sentiment is for a short opportunity. Seeing that the pair had a false Kumo break on 4/10/12 and then a pullback into the Kumo we had to wait until price found strength to break the Kumo. This opportunity happened 20 days later…

Looking at the chart above we are doing our top down analysis to find a trade on the 4 hour time frame. Therefore we start with this daily time frame to get the market sentiment. The things that we will take notice is:

1. Price vs Kumo:

Price is inside the Kumo…

Ok traders this may be a rather lengthy post but I want to give all the analysis of what I see on the horizon.

Being that tomorrow is Friday in which a day I don't like to trade or rather enter longer term trades I will still proceed as normal.

Looking at the chart above which features the NZDJPY on…