JPYAUD trade ideas
Lingrid | AUDJPY short from RESISTANCE zone at 101.000 The price made a false breakout of the resistance zone at 102.00, leading to a bearish impulse move. Following this, $FX: AUDJPY declined sharply after testing the upper boundary of the upward channel, where it rebounded. I believe that it will continue to move downward and test the support level, especially considering the long-tailed bar formed on the weekly timeframe, which suggests a potential shift towards lower levels. Moreover, the overall trend is rather sideways, with the price having made a false breakout at the top of the range. Therefore, I anticipate a pullback towards the resistance zone, followed by a bearish move. My goal is the support zone around 96.170
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AUDJPY My Opinion! SELL!
My dear friends,
Please, find my technical outlook for AUDJPY below:
The instrument tests an important psychological level 102.22
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 101.15
Recommended Stop Loss - 102.92
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
AUDJPY sell signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
AUD/JPY Targets 103.500 on RBA's Confidence and Yen Weakness
The AUD/JPY pair is gaining momentum, supported by the RBA's decision to maintain the cash rate at 4.35%, reflecting confidence in economic stability. Inflation has eased to 2.8%, reducing the risk of further rate hikes and boosting sentiment for the Australian dollar. With Japan's yen remaining weak due to the Bank of Japan's loose policy, AUD/JPY is set to push towards 103.500.
AUD/JPY 2-Hour Forecast: Buy Setup📈 **AUD/JPY 2-Hour Forecast: Buy Setup** 🔹
AUD/JPY is currently at **102.898**, and we’re watching for a potential buy move from key levels at **99.967** or **101.573**, aiming back up toward **102.898**.
🔍 **Key Levels to Watch:**
- **Support Zones:** 99.967, 101.573
- **Current Price:** 102.898
- **Potential Resistance:** 102.903
💡 **Trading Insight:** If the price touches these key support levels, we’ll be looking for bullish momentum for a buy setup back up to **102.898** and beyond.
👉 What’s your take on AUD/JPY? Let’s discuss!
#AUDJPY #BuyForecast #ForexTrading #2HrChart #Pipnest
AUDJPY: Dominated by Bullish VolumeAUDJPY: Dominated by Bullish Volume
AUDJPY has been moving in a corrective pattern for about 1.5 months, dominated by bullish volume.
However, this bullish momentum is not solely due to AUD strength but is more related to JPY weakness.
The upcoming RBA rate decision tomorrow may further support this bullish movement.
T echnical Analysis:
Looking at the left side of the chart, the price created two ABC moves.The "C" wave may begin from the zone where the old patterns are visible.
Currently, AUDJPY is positioned for the "C" wave.
The first target is near 100.90, with the second target near the top of the pattern at 101.40
You may find more details in the chart!
Thank you and Good Luck!
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