Audjpylong
AUD/JPY Buy On Iron Ore & Bond Yield'sThe Australian Dollar is forecast to continue to rise in value against the Japanese Yen.
The Australian central bank has signalled it's talking about tapering its bond purchasing program. As the Australian economy recovers and inflation is expected to rise over the coming quarters.
In this video, I cover how analysts on Bloomberg's terminal forecast Australia's bond yield's to rise above 2.00% in the coming year. That's in stark contrast to japan's 10 Year yield remaining pegged at 0.16% and should cause currency flows from Japan into Australia to obtain the higher interest rate.
Iron Ore prices are also bullish as demand for commodities increases, which will also support the Australian dollar.
Bullish outlook on AUDJPY Hey everyone, this is what we are seeing on AUDJPY. Prices are currently testing a key support level on the larger time frame. On the H1 time frame, we are seeing a pullback to test its support zone at 82.424 in line with the 78.6% retracement before a bounce from here. 83.580 will be our first resistance target in line with the 61.8% retracement. Are you bullish or bearish on AUDJPY?
22 June: AUDJPY opportunity to buy hi everyone!
here's what I am seeing on AUDJPY, prices are approaching our entry in line with the 78.6% retracement and support area where we could see a bounce from here. Stop loss is placed slightly below the support zone and take profit target is at the -27.2% retracement.
AUD/JPY Trying To Make Inverted Head&Shoulders, Lets Catch It !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
14 June: AUDJPY could see a bounce hereHi everyone! Looking to play a small bounce on AUDJPY here, in line with our bullish view on the bigger time frames. On the daily time frame, prices are holding above the ascending trend line and we could see a further upside from here. When we look at the H4 time frame, prices are testing the 78.6% retracement as well where we saw a slight bounce above this level. Going down to the H1 time frame and taking a retracement of the last move, we can see that prices are pulling back to the 78.6% retracement where we could see a bounce here, in line with the entry level. Stop loss is placed slightly lower than the previous low and our take profit target is at the -27.2% retracement. What are your thoughts on AUDJPY?
AUDJPY - BULLISH BIAS=====
MARKET OUTLOOK
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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.
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TECHNICAL
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- We're buying this pair on RBS level + SMA50 area + Pivot point level on H1 chart.
AUD/JPY BUY IDEAHey tradomaniacs,
still testing my new style but we with AUD/JPY I see a great potential to move up!
A bit concerning as always could be the upcomign RBA Statement - I think it is likely to see a more hawkish statement and that the RBA will talk about a tighter policy in the future.
Risky setup - But overall deliecious in terms of risk-reward!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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