Kishore
Long

AUDJPY CHANNEL SUPPORT REACHED

FX:AUDJPY   Australian Dollar/Japanese Yen
580 3 17
13 days ago
MARKET ANALYSIS: The pair is now trading inside a channel now. If the channel support holds we can expect a upward move to the next possible channel resistance. Mean while there is support under the channel support. If channel breaks the market can get a support hold and can rally up to the next possible resistance level .

P.S: It's not necessary that the market need retrace then go for a uptrend it may go aggressively too. So use trading methods to benefit ur             need. Cheers!
12 days ago
Trade active: volatility started.
snapshot
11 days ago
Trade active: Near targets
snapshot
Dawid_CEO
13 days ago
In my opinion it is more likely for this currency to behave like this https://en.consiliuminvest.com/ideas?idea=3671-bullish-wedge
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Fxtoronto PRO
13 days ago
sell breakdown AUDJPY

Have a completely different perspective on this pair
Reply
Thanks for your great analysis!
Here is my view on AUD/JPY if you are interested:

Strong selling activity from 87.50 shows that strong sellers are present and that the long uptrend is now over. The market will be probably in wider rotation now and I will go short from 86.61 because this place was the beginning of the sell-off that started 2016-12-15.

If you are interested there are more Market profile swing and intraday analysis in my profile page. You are very welcome there!
Dale
AUD/JPY swing based on Market Profile and Price Action
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