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Audjpyshort

AUDJPY: channel breakoutHello everyone Before we start a discussion, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it ! AUDJPY : the price braked a neat parallel channel and I expect further bearish movement. please note how the price moved in the ascending channel that shows weakness of buyers. Our first target is shown on the chart (support zone). please remember any analysis can be failed. so, manage your risk and respect your stop loss.
Short
by niktraders
AUD/JPY: Quick Reversal After Mid-Term High AccomplishedThe AUD/JPY has suffered a strong reversal lower in early trading this morning, and this follows a mid-term high yesterday which saw the 84.300 level challenged. As of this writing, the AUD/USD is trading slightly below the 83.000 juncture and fast conditions are prevailing. Yesterday’s higher values were not experienced since the middle of November. This morning’s low is testing support which has been demonstrated since the Christmas holiday ended. Speculators should be prepared for the potential of more volatility in the short term for two reasons. Trading volumes are becoming full again following the holiday season and this means financial institutions are now participating. The increase in Forex transactions is bound to cause some imbalances short term as the market responds to larger orders being processed. The AUD/JPY was able to demonstrate a solid bullish run higher since the 20th of December when the Forex pair was trading at approximately 80.300. Also, this morning’s trading comes after some nervousness has been expressed on global equity indices and this could also have weighed into the AUD/JPY as risk-averse trading took hold. Choppy price action in equities could create a bearish sentiment for the pair to be exhibited near term. If the AUD/JPY remains under the 83.000 level and begins to flirt with the 82.900 ratio, this could be an indication that further downside action could be seen in the short term. Technical sentiment may create targets near the 82.800 to 82.700 levels as potential targets. Because the AUD/JPY can move fast, traders looking for quick hitting results should make sure they use take profit and stop loss orders to participate safely within the Forex pair. Although the AUD/JPY has made solid strides upwards the past month of trading, speculators may eye the potential more selling to develop in the short term. If resistance levels prove durable near the 83.100 juncture today, traders may want to wager by selling the AUD/JPY on slight rises to ignite their selling positions. Speculators should anticipate volatility to occur, and if the 82.750 support level is proven vulnerable, the AUD/JPY could traverse lower. On the 24th of December, the AUD/JPY was trading near the 82.420 ratio. AUD/JPY Short-Term Outlook Current Resistance: 83.150 Current Support: 82.740 High Target: 84.180 Low Target: 82.100
Short
by SmoothJB
AUDJPY | The best scenario for climbing📝Hello traders , AUDJPY in daily timeframe , In this symbol, waves 1, 2, 3 and possibly wave 4 are formed and now we are inside wave 5. As we said in the previous analysis, we considered wave 5 as a leading triangle, and from this wave, waves 1, 2 and 3 are formed very normally. But Wave 4 has corrected Wave 3 more than usual, making it somewhat unreliable. Given that Wave 4 reacts very well to the beginning of Wave 3, it considers the same scenario, and we think this is the recent ascent for Wave 5 from Wave 5. This wave is a weak wave based on the previous waves and it may not be able to move more than Fibo 0.618 and if this Fibo is broken, the ascent to Fibo 1.00 will be confirmed. If the bottom of the canal, the red circle, is broken downwards, there is no hope of continuing the upward movement. If the downward warning signal is broken, the wave count will enter a new phase and will be a confirmation for the start of wave b. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
Long
by mahdisoltaninjad
AUDJPY | Sell opportunity. Get ready!If you find this technical analysis useful, please like & share our ideas with the community. Coming to the technical analysis of AUDJPY , I think we are going to see a downward movement. If you are going to go short now, make sure to place the stop below the previous resistance area . What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Short
by MaxProfHacker