Bullish momentum to extend?AUD/JPY is falling towards the pivot and could reverse to the 1st resistance which acts as a pullback resistance.
Pivot: 97.55
1st Support: 95.12
1st Resistance: 101.33
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JPYAUD trade ideas
AUDJPY, tapping a very strong monthly support. Will see SKY soonAUDJPY is currently tapping a very strong long term major order block support. This zone has been tested multiple times -- and price always reverses when it gets tapped.
Expect some good ascending series of action from the current range.
Risk reward ratio on this one is Extraordinary -- about 1,000 pips in the making or even more.
Spotted at 97.8
Happy profiting from here on.
TAYOR.
AUDJPY - In Bullish TrendAUDJPY is analysed on 1H time frame without divergence and broken the rectangle pattern from resistance. The pair in bullish on daily and weekly time frames. Used FIB to determine the pending order of Buy Limit @ 0.382.
The Signal is:
EP: 98.282
SL: 97.215
TP: 99.349
RR: 0.5%
AUDJPY Potentially BullishOANDA:AUDJPY did beyond my expectations on the sell and right now, we are looking at the bulls attempting a come back in the market. A break above the 97.461 area and its retest will give me a confirmation to go long, other wise, we just might see price pushing lower. Until then, fingers crossed.
Disclaimer: Results are not typical, past results does not guarantee future results. Do your due diligence
Is JPY done?I don't think so... The xxxJPY pairs recovered after a steep decline. I don't believe the rise in JPY strength is over yet. To support this belief, I opened a sell position just as the pair reached extreme levels in the supply zone. This decision is grounded in the belief that the recent uptick might be short-lived and that downward momentum could resume. The hedge order placed above is a risk measure in case the pair does not behave as expected. Basically all xxxJPY pairs look similar to me. AUDJPY was chosen for it lowest negative swap fee.
AUD/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
AUD/JPY is making a bullish rebound on the 6H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 95.165 level.
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AUDJPY at resistance The AUDJPY hit major resistance and rejected it today. The high today was 97.84, and the 38% retracement of the move lower since the July high to August lows is at 97.55. Also, the underside of the broken trend line (from 2020) was hit today as well. While below the 98.00 level the risk is for a move back towards the low 90's and possibly retest the lows near 90.12.
The Yen has been in focus the last several weeks by not only currency traders, but the whole world is focused on the major "unwind" of the popular carry trade the last couple weeks.
AUDJPY1.AUDJPY is on a major Uptrend from a recent Sell market shift.
2.AUDJPY is forming HHs and LLs, which shows a strong uptrend move.
3.As the price is showing history of reacting on that Vertical Support trendline, We took a buy as it made a reaction from the trendline.
4.We took a buy as soon as the H2 Candle reacted bullish from the Suppprt trendline.
BUY AUDJPY
AUDJPY Shooort!Following the pullback last week after a massive bearish momentum, I anticipate that the momentum will continue, as the price rebounded to the 0.236 fib level at . My target will be to retest the 0.382 fib level at 90.6, so as to also cover the liquidity grab / gap that was left earlier on.
Entry will be at 96.00, TP at 90.5 and SL at 97.5.
AUDJPY. 97.08. LONGThe currency pair looks very strong and shows signs of readiness to continue the long movement: we are moving after a false breakout from the lower border of the channel; buy back without deep rollbacks; the price is not allowed to update local minima; there is free space in front.
AUDJPY - Low volatility ranging before breakoutPrice has entered a calm before the AUD news release and has been recently exhibiting volatility breakouts after small periods of ranging activity.
It will likely want to test the recent pivot high and low of 97.424 and 94.760 respectively, in the coming sessions.
AUDJPY Is Bearish! Short!
Here is our detailed technical review for AUDJPY.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 96.359.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 95.678 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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AUDJPY - Will next week provide Risk Off?AUDJPY has drifted higher as market fears are relieved.
Relieved, but possibly temporarily. Any further misses in US data will likely scare Markets, and this is before anything out of Japan as well.
Light sizes most recommended to protect against inherent risk. Never gamble.
AUDJPY - In Bullish TrendAUDJPY is in bullish trend and no divergence is noted on 1H time frame. As the RSI has already reached near 70 marker and the momentum is weakening along with the long bullish candles, that might collectively turn into a bearish divergence. Keep that in view, I have applied FIB to gain entry with a buy limit order @ 0.382.
The Signal is:
EP: 96.597
SL: 95.206
TP: 97.9880
RR: 0.25%