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Audjpyanalysis

AUDJPY - BULLISH BIAS===== MARKET OUTLOOK ===== AUD - BULLISH 1️⃣ The RBA's economic assessment was more upbeat than in the previous post-policy meeting accompanying statement. 2️⃣ Australian figures showed the economy expanded by a healthy 1.8% in the first quarter, taking gross domestic product (GDP) back above pre-pandemic levels. JPY - BEARISH 1️⃣ Rising US Treasury yields weigh on the JPY. ===== TECHNICAL ===== - We're buying this pair on RBS level + SMA50 area + Pivot point level on H1 chart.
Long
by MonsunAsia
AUDJPY Is Heading Lower In Five WaveHi Traders, AUDJPY just completed a 5-3 wave cycle and the price has the potential to head lower in five-wave to complete the sequence. Wave A is a leading diagonal followed by a double ZigZag corrective pattern in wave B. According to EW theory, the market resumes in the direction of the five-wave sequence once a correction is completed. Price also retests the resistance level four times, you're just a profit away! What's your view on AUDJPY? Let me know in the comment. Thanks for reading!
Short
by Veejahbee