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JAPANESE YEN / AUSTRALIAN DOLLAR

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JPYAUD trade ideas

AUDJPY Forming Bearish Setup? Symmetrical Triangle/Wedge: The price is moving within converging trendlines, indicating a period of consolidation with lower highs and higher lows. This typically points to an upcoming breakout, either upward or downward, depending on market momentum. Trend: Bearish Projection : The red dotted line suggests a bearish expectation, where the price is predicted to decline after hitting the upper trendline resistance, potentially leading to a breakout on the downside. Key Levels: Resistance: Around 98.500 – The price is nearing the upper trendline, which could act as resistance. Support: Around 94.000 – The lower trendline acts as a key support level, potentially where the price could fall to if the bearish scenario plays out. Conclusion: This chart shows a likely bearish scenario for AUDJPY, anticipating a drop towards the lower part of the wedge formation, around 94.000, after encountering resistance near 98.500.
Short
by HAAADY
AUDJPY - 100 coming upIF we look to the Price Action of the later part of last week we see 1. Rally - on Thursday in Asian/London sessions a move from 96.06 to 97.87. 2. Base - from this high of 97.87 to 96.71 over the NY to Asian Session on Friday. This corrective pattern was a Bull Flag conferring a continuation to the upside. 3. Rally - from 96.78 - 98.30 in the London session on Friday. 4. Base - another corrective pattern , this time a symmetrical triangle , forming in the last NY session. These Triangles can break in either direction. Price has moved up to test the Daily Fair Value Gap , established on Tuesday 3rd September. The present Triangular consolidation is testing the Midpoint of this FVG. Considering a trade entry , the Bias is long based on the 55MAV above the 100 MAV. Momentum is suggesting price is likely to break the Triangle to the downside, as we can see Bearish Divergence printing on the RSI. Volume is suggesting Divergence as well to Price. ENTRY IF this does occur, the area of interest would be around 97.20 . Why ? 1. The Optimal Trade Entry sits around the Fibonacci 70.5 Retracement level = 97.30 , for Trend Continuation. 2. The 50 MAV is currently 97.25. 3. Intraday Demand Zone is at 97.15. STOP A valid point for invalidation of a long trade from this area, is the low of the Bull Flag acting as the intermediate Swing Low. Target 1. Symmetrical Price Swing - 99.70 , to front run the daily Resistance at 100. RR = 3+
Long
by Umlingo
AUDJPY Possible Long Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry 1H - 50 EMA Rejection + Bollinger Band Rejection 15m - CSAK + Entry in MALO Note: * Cancel trade or cut-loss when candle close Below MAHI (2 Red Color Lines) in 4H * 1:3 RRR * TAYOR A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
Long
by GreggiBond
Worse places to be than long AUD/JPY if risk is rallyingIf we’re about to see investor risk appetite improve markedly, there are worse trades to have on than long AUD/JPY. It’s had a strong bounce today, helped initially by rising US bonds yields propelling USD/JPY higher before another bumper Australian jobs report reinforced the view the RBA may not need to cut interest rates this year. The bounce from 96.223 has seen the pair break through the downtrend dating back to the record highs in July. With momentum indicators providing bullish signals, upside looks far easier than downside near-term. With only minor resistance at 97.621 and the 50-day moving average in between, a retest of the important 200-day moving average may be on the cards. Ideally, it would have been nice to have caught the initial leg higher as Asian trade got underway. You can still go long here with a tight stop below the uptrend it’s been bouncing off since Monday, but a better long setup would be to either wait for a potential pullback towards 96.223, allowing for a stop to be placed below for protection. If no reversal arrives, you could wait to see whether the price can pierce 97.621, providing the opportunity to buy the break with a stop below for protection. From a fundamental perspective, one risk is the BOJ rate decision on Friday. Even though no move is expected, and that markets are already priced for more modest rate increases over the next 12 months, traders have been super-sensitive to signs of BOJ hawkishness recently. That could spark a reversal but it should not come as a surprise. Good luck! DS
Long
by FOREXcom
AUDJPY - 4hrs ( Buy Trade Target Range 300 PIP ) Pair Name: AUD/JPY Time Frame: 4-Hour Chart (Close) Scale Type: Large Scale Our objective is to spread knowledge and clarify the most important points for entry and exit. We'll explore key reasons for trade decisions, going beyond five factors, to deepen understanding rather than focus on profit. ——————————— Key Technical / Direction: Buy Opportunity Type: Mid-Term Swing (Trend lasting days to weeks) ————- ☑Bullish Break at 95.700 Area Reasons: 🦸‍♀️Major Turn Level: This level is a historically significant area where price has reversed or shown strong reactions in the past. A break above 95.700 indicates a shift in market sentiment from bearish to bullish, signaling potential upward movement. 🦸‍♀️Volume Visible Range HVN (High Volume Node): The HVN from the visible range volume profile shows where significant trading activity has occurred. This level represents an area of strong interest from institutional traders, and a break above it suggests that price is moving into a region where supply is limited, making it easier for price to rise. 🦸‍♀️Fixed Range Value: This is a key metric derived from volume profile analysis over a specific price range. The break above 95.700 indicates that price is overcoming a heavily traded zone, implying further bullish potential as the market seeks a new equilibrium above this area. 🦸‍♀️Key Level (10 Bounces): The 95.700 area has acted as support/resistance multiple times (10 bounces), signifying its importance as a key psychological and technical level. A break here would confirm the strength of buyers, who have defended or pushed the price at this level in the past. 🦸‍♀️Fibonacci Golden Zone Break: This refers to the 61.8% retracement level from a prior move. The golden zone is widely respected by traders, and a break above this level confirms a bullish continuation, signaling the potential for the uptrend to gain further momentum. 🦸‍♀️Inner Trend Break: Price action has been respecting an inner trendline, and the break of this line signals a potential reversal of the previous downtrend. This inner trend break supports the bullish case as it often leads to a shift in market structure. 🦸‍♀️CHoCH (Change of Character) Zone: The change of character zone refers to an area where the market shifts its behavior from bearish to bullish. A break of this zone confirms that buyers are taking control, making it a strong indicator for upward momentum.
Long
by GoldenEngine