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Audjpyshort

AUDJPY Trading Idea.G'day Guys Here my idea on AJ, Uncertainty of Nikkei movement keep JPY currency getting weak. But remember BOJ normally move differently once their currency drop too much. On my technical perspective, Bigger time-frame showing possibility on forming Double top to retest the previous high. But based on Hourly perspective, its showing price move downwards. Am anticipating, BOJ might gonna do something based on Human Behavior how they gonna react if something happen with their currency. I'm expecting price will heading south. Let's see what happen next. Cheers.
Short
by EYFMarkets
AUDJPY Short Trade ideaWe are seeing many JPY pairs being overextended across the board and in need of pullbacks. This is a good opportunity to profit from From a multi-timeframe perspective, we have: -Weekly Shooting start rejecting relevant weekly Support&Resistance area. - Daily shooting start formation followed by bearish confirmation the following day - MACD divergence is present across different timeframes - Nice Intraday price action with price breaking above previous highs creating a massive bull trap that helped fuel price back down, breaking the lower boundary of a solid ascending channel. Now bears are in control and we can expect further downside. I am personally waiting for a solid 1H rejection off the area of that 1H descending phase line in order to go short. If price does not reject that phase line, then there is no trade. However if we get an entry, I will have a soft target at the next Fib extension ( 83.2 area) and a second target at previous daily lows ( 82.125 area) Let me know if you agree or you see something different!=) Cheers!
Short
by Murci
AUDJPY - Bearish BiasAUD - BEARISH 1️⃣ Australian local 10-year bond yields fell from 22-month highs to 1.771% after the news, while US 10-year rates eased slightly from 13-month highs to 1.595%. JPY - BULLISH 1️⃣ Ahead of the BoJ’s Monetary Policy Statement on Friday, some investors predict that policymakers may phase out a numerical target for its risky asset buying, highlighting the rising cost of prolonged easing and marking a turning point for Governor Haruhiko Kuroda’s massive stimulus programme. 2️⃣ Japan’s industrial output growth in January was revised slightly higher to 4.3% from a flash figure of 4.2%, the strongest growth since July last year. ===== Technical ===== We are looking to sell the AUDJPY at SBR + below SMA 50 on the H1 chart. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Short
by MonsunAsia