The AUDJPY pair is in an overall downtrend, though currently experiencing a short-term oversold bounce back.
Key Resistance: 94.45 – A bearish rejection from this level could push prices lower.
Bearish Scenario: A break below 94.45 could lead to further declines toward 92.70, 92.00, and 91.70.
Alternatively a breakout above 94.45 and a daily close higher would negate a bearish outlook.
Upside Targets: 95.20, 95.70, and 96.20 if the bullish trend continues.
Conclusion: The trend remains bearish unless AUDJPY closes above 94.45, which would signal further upside risk.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Key Resistance: 94.45 – A bearish rejection from this level could push prices lower.
Bearish Scenario: A break below 94.45 could lead to further declines toward 92.70, 92.00, and 91.70.
Alternatively a breakout above 94.45 and a daily close higher would negate a bearish outlook.
Upside Targets: 95.20, 95.70, and 96.20 if the bullish trend continues.
Conclusion: The trend remains bearish unless AUDJPY closes above 94.45, which would signal further upside risk.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
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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.
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.