Get started

Australian Dollar / Japanese Yen

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

AUDJPY trade ideas

AUDJPY shows strength after a price drop of 1200 pipsAUDJPY shows strength after a price drop of 1200 pips The price broke out of a bullish triangle pattern thus increasing the chances of a bullish wave. Tomorrow we have the BOJ decision on interest rates and the market expects the BOJ to raise rates. However, it may not happen as many are already expecting. AUDJPY is showing a clear reversal signal after 1200 pips down. Generally, this upward correction is required in this situaion, as shown in the chart. I will share later a more details analysis on JPY pairs. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
1
Beginning of the AJ Bull's END?!Here I have AUD/JPY on the Daily Chart! Beginning in March of 2020 to what seems to be the new High @ 109.372 in July of 2024, we have seen the end of the 5th Wave of Elliot's Impulse Wave! With Prices steep decline to the new LOWER LOW @ 99.209, knocking out the Low of June and Testing the Low of May, these are the conditions needed for what could potentially turn into a Correction Wave!!! The Sellings have BEGUN! -You can see that the RSI after this enormous drop in price Breaking Lows ( Structure) is now operating under the 50 mark & Oversold! -The BB Trend is now printing Red Bars showing signs of Bears in the vicinity! Where might Price go?? -If 99.209 is our True Lower Low we will be working with, I suspect price will make a STRONG retracement! *Potential Retracement Levels* ( 103.091 - 103.691 ) - Golden Zone ( 104.291 - 105.490 ) - 50% / 38.2% -Fundamentals- *Uncertainty of BOJ decision mixed with the suspected COOLING of inflation on AUD may be just the catalyst we need to see this pull off! AUD - CPI q/q & y/y - Tuesday, July 30th JPY - BOJ Policy Rate - Tuesday, July 30th
Short
by Novi_Fibonacci
AUDJPY FOREX 1H TIME FRAME DATE 7/28/2024Sentiment Analysis (July 27, 2024): Intraday Sentiment: 39% bearish, 61% bullish Daily Sentiment: 13% bearish, 87% bullish Overall Sentiment: The sentiment is strongly bullish, suggesting a favorable outlook for buying opportunities. Upcoming Economic Events and Trading Recommendations: Tuesday, July 30, 2024 03:30 AM ET - Australia Building Permits MoM (Preliminary) Expectation: 0.70% Recommendation: Buy AUD/JPY Wednesday, July 31, 2024 03:30 AM ET - Australia Monthly CPI Indicator & Retail Sales MoM Recommendation: Buy AUD/JPY Thursday, August 01, 2024 01:00 AM ET - Australia Judo Bank Manufacturing PMI Final Expectation: PMI expected at 49.00 Recommendation: Sell AUD/JPY 03:30 AM ET - Australia Balance of Trade (June) Expectation: 8200 Million AUD Recommendation: Buy AUD/JPY Friday, August 02, 2024 03:30 AM ET - Australia PPI QoQ Expectation: Producer Price Inflation expected at 0.60% Recommendation: Buy AUD/JPY Tuesday, July 30, 2024 01:30 AM ET - Japan Unemployment Rate Expectation: 2.70% Recommendation: Sell AUD/JPY Wednesday, July 31, 2024 01:50 AM ET - Japan Retail Sales YoY Expectation: 1.50% Recommendation: Buy AUD/JPY Thursday, August 01, 2024 02:30 AM ET - Japan Jibun Bank Manufacturing PMI Expectation: PMI expected at 51.50 Recommendation: Sell AUD/JPY
Long
by spaceangel
Pattern Review for Ascending Triangle AUD/JPY on 30m.Pattern Formation - Ascending Triangle: The green dotted lines form an ascending triangle pattern, which typically indicates a bullish continuation. The horizontal resistance line is around 108.545, and the rising trendline provides support. - Head and Shoulders: There appears to be a smaller head and shoulders pattern within the ascending triangle, which can indicate a potential bearish reversal if it plays out. Volume Profile Analysis - High Volume Nodes: There is a noticeable high volume around the 108.3 level, suggesting strong buying interest in this area. Price Action Analysis 1. Top Right (1-Month Candle Chart): - Trend: The monthly chart shows an overall uptrend with a series of higher highs and higher lows. - Candlestick Patterns: Recent monthly candles are predominantly green, indicating sustained bullish momentum. 2. Mid Right (2-Week Candle Chart): - Trend: The 2-week chart shows a more detailed view of the uptrend, with recent consolidation near the 108.500 level. - Candlestick Patterns: Mixed candlesticks with both bullish and bearish pressures, but recent candles suggest a bullish bias. 3. Bottom Right (Weekly Candle Chart): - Trend: The weekly chart shows a clear uptrend, with the price consistently making higher lows. - Candlestick Patterns: Recent green candles indicate a continuation of the bullish trend, although with some signs of consolidation. Disclaimer This analysis is provided for informational purposes only and should not be considered financial advice. Trading financial instruments involves risk, and you should perform your own research and analysis before making any investment/trading decisions. Always consult with a professional financial advisor.
Long
by TJalam
AUD/JPY Buy Trade OpportunityAttention Traders! Here's an exciting trade setup for the AUD/JPY currency pair. This opportunity involves a buy trade with a well-defined entry range and profit targets to maximize your potential gains. Trade Details: Buy Range: Enter the trade when the price is between 105.40 and 105.50 Profit Targets: First Target: 107 Set this as your initial level to take some profits. Second Target: 107.50 Aim for this level to maximize your returns. Key Points to Consider: Entry: Ensure you enter the trade within the specified range of 105.40 to 105.50 to optimize your potential profits. Profit-Taking Strategy: Setting two profit targets allows for effective risk management and maximized gains. Close part of your position at 107 to secure initial profits and aim for 107.50 for additional gains. Risk Management: Always consider your risk tolerance and use appropriate stop-loss orders to protect your investment in case the market moves against your position. This structured approach ensures you have a clear plan for entering and exiting the trade, balancing potential profits with effective risk management. Happy Trading!
Long
by FOREX-XONA
AUDJPY: ITF CURVE ANALYSIS (1D) - (DOWNTREND)CONSERVATIVE -SL @ 109.70 SLO1 @ 109.11 ⏳ AGGRESSIVE -SL @ 108.60 MO @ 108.45 - TRIGGERED SSO1 @ 108.301 ⏳ SSO2 @ 108.131 ⏳ SSO3 @ 107.917 ⏳ TP1 @ 105.646 TP1a @ 103.50 (secret TP) TP2 @ 102.331 TP3 @ 100.158 BLO1 @ 99.637⏳ (SET PRICE ALERT) 🔑 BLO = BUY LIMIT ORDER ITF = INTERMEDIATE TIME FRAME MO = MARKET ORDER SL = STOP LOSS SLO = SELL LIMIT ORDER TP = TAKE PROFIT DISCLAIMER/NOTE: THIS IS NOT FOR EVERYONE! I'm posting to test my own trading abilities/skills and to have accountability. Plus I want to see it work out (& want you to see it as well). As you can see, I have an aggressive negative stop loss (-SL) and a conservative -SL for my SLO. Proper position sizing will make this trade a good opportunity if my analysis is correct. The R:R is enormous on this one, no matter which one works out..... let's see what happens. Intermediate time frames (4 hours to 6 day): — Offer a clearer picture of the underlying trend compared to short-term frames. — Provide more opportunities for confirmation signals and technical analysis. — Allow for more flexible trading schedules, trades can be held overnight. — Suitable for swing traders and some positional traders.
Short
by oktane
2
AUD JPY heading to strong support?Hi Guys, All the .../ YEN pairs have had massive selloffs recently. It seemed like just press sell button over last two weeks and you make money, quite the inverse of the last few months. AUD / JPY was one of the pairs that went on a massive bull run from May this year and is currently heading towards a possible strong support area where it took off last time around. The highlighted yellow box with the thick black line is that zone and it contains an unmitigated daily order block (19 April red hammer candle) from which we may see a strong bounce.The thick black line is the 1.618 retrace from the recent high (point B) to the order block zone (Point C) of the daily support that was not respected at all (Point A). Most of the other YEN pairs actually tested similar zones around MAY this year and we know what happened from there. AUD/JPY did not retrace as much from the APRIL high and left this order block untested. The big players likely have orders to fill here. With the selling pressure being so intense up to this point it will be interesting to see if it is respected, although in saying that, big moves come from exactly this type of price action heading into order block zones. The 200 DMA is hovering around this zone as is an important AVWAP from July 23 lows. Possible scenario could be an undercut of the 200DMA and reclaim of that before moving up. Daily RSI is deeply oversold (levels not seen for a while for this pair).Lower timeframe setups using candlestick pattern, chart pattern, CHOCH BOS etc could present with nice risk to reward trade with stop loss being just under order block zone. Safe trading all
Long
by elyask120
AUD/JPY the most oversold since the pandemic plungeYou don’t see unwinds of Japanese yen carry trades like we’re seeing right now outside of crisis periods. It doesn’t feel like we’re in a crisis, making me wonder just how long the current bearish move will last? AUD/JPY has been among largest casualties, hammered lower by a combination of China pessimism, large declines on Wall Street and narrowing yield differentials between the United States and Japan. I discussed a short setup in AUD/JPY yesterday, but such has the speed of the unwind been it’s nearly reached the target after falling more than 150 points, extending the decline from the recent peak to over eight big figures. While I think there’s more downside to come, it’s rare for such a liquid FX pair to so sharply in one direction for a sustained period. Even during my time on the desk during the height of the GFC, we saw massive countertrend rallies during what ended up being the largest carry trade unwind on record. As such, when the market provides the signal, I’m positioning for a bounce with the help of long-running uptrend support which is located just 40 pips below where AUD/JPY currently trades. Should it hold, or if the market is unwilling to test it in early Asian trade, buying with a tight stop around 100.60 is one setup, allowing traders to target a push back towards horizontal support at 102.64. To put in context just how oversold AUD/JPY is, on RSI (14), you have to go back to the initial panic at the start of the pandemic to find a similar reading. DS
Long
by FOREXcom
Long AUDJPY: A Calculated Move Based on Robust Market AnalysisGoing Long on AUDJPY Going long on the AUDJPY pair means that you expect the Australian Dollar (AUD) to rise in value against the Japanese Yen (JPY). Here are some reasons why you might consider this position: Economic Strength of Australia: If Australia's economy is performing well, this could strengthen the AUD. Factors to consider include GDP growth, employment rates, and commodity exports, as Australia is a significant exporter of resources like iron ore and coal. Interest Rate Differential: The interest rate set by the Reserve Bank of Australia (RBA) compared to the Bank of Japan's (BOJ) rate can influence this pair. If the RBA's rate is higher, it could attract investors to the AUD for higher returns. Risk Sentiment: The AUD is often seen as a riskier currency, while the JPY is seen as a safe-haven currency. If market sentiment is positive and risk-taking is high, this could lead to an increase in the AUD's value. Japanese Economic Performance: If Japan's economy is underperforming or if there is significant deflation, the JPY could weaken, making it cheaper to buy with the AUD. Trade Relations: Australia and Japan have strong trade relations. If these are improving, it could lead to an increase in the AUD's value. Remember, these are just potential reasons. Actual market conditions can vary, and it's important to do thorough research and consider getting advice from a financial advisor before making any trading decisions.
Long
by FtradeFXArabic