Audjpyidea
AUDJPY bounced from support, potential for a further rise!
AUDJPY bounced off 74.855 where it could potentially rise further to .75.674
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AUDJPY bounced from support, potential for a further rise!
AUDJPY bounced off 74.738 where it could potentially rise further to 75.674.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
4HR SELLING POTENTIAL ON AUDJPY Price is really showing potential for bears to dominate the market on the 4HR. At the moment, price is sitting at a zone of support and will most likely retrace to our entry point. ( i have marked my entry at 50% fib retracement ). Should price get to this level i will be entering bearish ( sell). If price trades lower from where it currently is then i will adjust my entry maintaining a 50% entry point.
You should scale majority of your position out at take profit 1 and allow the rest to ride out risk free.
Entry - Grey price level
Take profit 1 and 2 - Green price levels
Stop loss - Red price level
AUDJPY Flashes a Bearish SignalPrimeXBT would like to call your attention to a professional analysis overview of AUDJPY.
Japanese inflation, as represented by the consumer price index (CPI), rose 0.5% year-on-year in November, beating the expected rise of 0.2% by a large margin.
The core CPI, which excludes food and energy prices, rose 0.8% in November from a year earlier, compared to an expected rise of 0.6% following October’s 0.7% uptick.
While inflation bettered estimates, it remained well below the Bank of Japan's (BOJ) 2 percent price objective and is failing to draw bids for the Yen.
Years of massive stimulus program have failed to accelerate inflation and has left the BOJ with low ammunition to combat the next round of recession or economic slowdown.
As we head into 2020, there are concerns over the repo market, despite the FED pumping billions into it for the new year. So, be mindful that we could see bouts of volatility across markets if a funding squeeze occurs. Remember, it was early January that we saw the Yen flash crash. If the FED does manage to keep the issues contained, AUD/JPY could be off to a bright start to the year.
In the near term, the Relative Strength Index on the AUDJPY chart is flashing signs of bearish divergence, and some growth is expected until it reaches the resistance lines. Once its price reaches these lines, a rejection could cause it to drop until it reaches its support level, which could spark a bounce.
Support Level: 74.822
Resistance Zone: 76.46 — 76.7
Day's Range: 76.026 — 76.54
Watch closely for our future updates to be the first one to get well-timed trading signals!
Best of luck with your future trades!
AUDJPY bounced from support, potential for a further rise!
AUDJPY bounced off 75.979 where it could potentially rise further to 76.544.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
AUDJPY potential reversal!
AUDJPY expected to rise up to 1st resistance at 75.974 where it could potentially react off and drop down to 1st support at 75.454.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
AUDJPY SELL SETUPSELL SETUP ABOUT AUDJPY
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Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
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Disclaimer : The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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AUDJPY approaching support, potential for a further rise!
AUDJPY approaching support at 74.839 where it could potentially rise further to 75.590.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
AUDJPY Neutral OutlookAUDJPY Neutral Outlook
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
AUDJPY Market Outlook | Daily Forex Market BreakdownAUDJPY
Looking very VERY intersting. Finally pushing above the descending trend line which I have been calling since last week. Very important levels now. Is this a fake out to the upside and we are going to roll over back down. Or is previous resistance turning support? If support holds here we could start climbing back up to 80.00 potentially. Still too early to tell but definitely at the top of our watch list.