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Audjpylong

AUD/JPYOver the past week and during the calendar month of March, the Australian Dollar has been the strongest currency while the Japanese Yen has been the weakest. This currency cross is at the heart of the Forex market now. The Yen is weak as the Bank of Japan wants to bring inflation up to 2%, while the Australian Dollar is strong on improved global risk sentiment and a relatively buoyant commodities sector concerning Australian exports. Technically, the price has powered to a new 6.5-year high, again making a very strong rise last week – this was the biggest weekly rise in this currency cross seen in many years.
Long
by SmoothJB
AUDJPY | HARMONICS IN PLAY?AUDJPY after being trading under the horizontal level of 86 since Feb 2018, we see a clean breakout from the level on 16th March 2022. Now the Hot Question is: Where will be the top? If you see on the chart, we have showed crab pattern which shows bearish reversal on 91 to 92 region which is also the weekly resistance zone. The indicator RSI is also reaching the top of the zone and we can see a drop if the bulls continue to long. Alternatively, If weekly resistance taken out then 100 level is on the card. Play your levels accordingly.
Short
by JustTradeSignals
11