For the AUD/JPY currency pair today;
Demand Zones:
- Lower Bound: The pair has shown support at the lower end of the demand zone, which could be around the 99.400 JPY level.
- Upper Bound: The upper bound of the demand zone might be near the 100.057 JPY level, where buyers have previously shown interest.
Supply Zones:
- Lower Bound: The supply zone's lower boundary could be identified by recent peaks or where sellers start to dominate, possibly around the 100.198 JPY mark.
- Upper Bound: The upper boundary of the supply zone may be established by observing areas of strong selling pressure, potentially near the 101.100 JPY level as indicated by traders' profit exit points.
These zones are dynamic and can shift with market sentiment and economic news. It's important to monitor these levels throughout the trading day for any updates or changes. Always remember to consider risk management strategies when trading.
Demand Zones:
- Lower Bound: The pair has shown support at the lower end of the demand zone, which could be around the 99.400 JPY level.
- Upper Bound: The upper bound of the demand zone might be near the 100.057 JPY level, where buyers have previously shown interest.
Supply Zones:
- Lower Bound: The supply zone's lower boundary could be identified by recent peaks or where sellers start to dominate, possibly around the 100.198 JPY mark.
- Upper Bound: The upper boundary of the supply zone may be established by observing areas of strong selling pressure, potentially near the 101.100 JPY level as indicated by traders' profit exit points.
These zones are dynamic and can shift with market sentiment and economic news. It's important to monitor these levels throughout the trading day for any updates or changes. Always remember to consider risk management strategies when trading.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.