AUD/JPY has broken major trendline resistance at 79.25, and edged higher to test session highs at 79.60. Pair struggling to extend gains further, 21-DMA at 79.59 is capping upside. Break above needed for further upside. Upbeat sentiment around the Asian equity markets and talks of possible delay in sales tax hike weighing on the Yen. Data released earlier today...
AUDJPY Sell Setup Symmetrical triangle 240pip (4 decimal) or 2400pip (5 decimal) FX:AUDJPY
AUD/JPY has broken major support at 79.17 and has fallen below the 79 handle to currently trade around 78.86 levels. On 4H charts momentum studies are bearish, RSI and stochs are biased lower. Downside now sees next major support at 78.63, breaks below could see test of 78.30 (trendline). On the upside resistance is seen at 79.34 (4H 5 SMA), and then at 79.52...
We can clearly see PA is consolidating into a wedge pattern. It looks like it wants to pop to the upside. At the moment Im going to sit on the sidelines and wait for PA to give me a clear direction. If it breaks above the 80.75 area it will continue close to 81.75 where there is a supply zone. most of my trades are swing trades but this one may be shorter....
AUD/JPY was rejected at strong trendline resistance and currently trades at 79.17. The pair recovered sharply from session lows struck at 78.65 in opening trades after dismal Chinese data over the weekend. Upside however faces stiff resistance at 79.50 levels, recovery appears to lack momentum. Intraday techs support downside, bearish invalidation only above...
A clean break of the 79 level would see price head towards the 77 level. We have already seen a break and retest of the 80.50 level where price has headed south and bounced of the 10 EMA. The long term outlook for this pair would be past the 77 level where we have the potential to reach the 75 level. However if price does not break the 79 level we could see...
I have a short term bullish, long term bearish view on AUDJPY and therefore I am bearish equities also. AUDJPY is an extremely good indicator for risk sentiment and intraday movements are well correlated, therefore, with the indices (Nikkei has an extremely high positive R^2 figure with AUDJPY). Looking at AUDJPY from a volume standpoint, you can see that we are...
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Pros - triple bottom on key support. - trading the range - Doji and inverted hammer formed after bearish run - Stock RSI at 0.000 - Recent break of yearly support, possible retest Cons - Trading against the trend - massive bearish presence the past week THOUGHTS?
This is my view on AUDJPY, however be aware of the news coming out in a few hours! Very risky trade, however supported by structure. Good luck!
AUD JPY pair resume down trend , it has been completed 100% retraced, now it could possible to make two waves long atleast for retracement @8200 at 38.2% fibo with the strong support and with double bottom pattern, If breakout BUY AUD JPY @80.97 TARGET: 82.00 STOP LOSS: 81.60 GOOD LUCK !
The Japanese Yen spiked across the board as Bank of Japan disappointed by markets big time by keeping its monetary policy unchanged. Yen jolted nearly 3% against the AUD in a knee-jerk reaction and AUD/JPY hit fresh 2-week lows at 82.43. The BoJ kept rate at -0.1%, announced a lian support program for banks in areas hit by the recent earthquake. The central...
Technically, we're at a major trendline, 200 ema, and key resistance area. We are also retesting a small broken counter trendline. Stocks are also starting to turn, which at the same time the YEN is starting to gain some strength from a fundamental and technical perspective. At the time I think we could see some what of a sell off in OIL, COPPER, etc, which will...
Simple trend analysis, hopefully this does not let us down and leads to something good Trend line+Double Top Safe and successful trading
AUD/JPY extended upside on negative yen fundamentals, but upside was capped at strong trendline resistance at 86.22. Markets nervous ahead of key central banks’ events along with a fresh batch of economic data lined up for release this week. Focus remains on FOMC, RBNZ and BOJ monetary policy decision due later this week. On the data front, China is set to...