FxWirePro
Short

AUD/JPY breaks strong trendline support, good to sell rallies

FX:AUDJPY   Australian Dollar / Japanese Yen
316 0 11
AUD/JPY             under heavy selling pressure in Asia, dented by risk-off across markets.

Selling in the Nikkei 225             which was down over 3%, (adding pressure on Yen crosses).

The pair printed a day low of 85.78 and has since pared some losses to currently trade around 85.92.

Downside has seen breach of strong trendline resistance at 85.98, price action below hourly cloud and 5-DMA support at 85.95.

Stochs and RSI on daily charts are biased lower, price action on hourly converges with momentum indicators.

Immediate resistance and supports are seen at 86.55 and 85.46 (10-DMA) respectively.

Good to sell rallies around 85.90/86, SL: 86.55, TP: 85.60/85.35/85.20
Trade active: All targets hit, momentum heavily bearish.

Pair holding support at 85.0, breaks below will see 84.30.

Book partial profits, lower stops to 85.50, target 84.70/84.30
Trade active: All targets hit. AUD/JPY @ 83.86, on track for 83.

Lower stops to 84.20, target 83.20/83
Trade closed: target reached: The pair has hit all targets.

Has edged higher after hitting lows of 82.80 on Tuesday's trade.

Pair closed above cloud-top on Tuesday (which is strong support.).

Breaks below could see further downside. We recommend booking full profits.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out