AUDJPY is not the most popular pair, but a good deal is brewing.
Now the price at the resistance line and at the resistance level of 74.5, and the trend remains falling. enter short with the target to the support level of 72.5
Looking at the bigger picture, we have a lot more room to go (Refer to previous AUDJPY forecast).
Currently there is a beautiful expanding correction that already took place and now we are more confident in further up momentum and continuation.
Note: There is a small chance that we can have 1 tiny down move to make a slightly more complex...
very good trading setup on AUDJPY.
on a daily the market has recently reached a key level of resistance
and on 4H and 1H chart we see clear divergence on RSI and the price started coiling.
I will be waiting for a bearish breakout of a trading range to short the pair.
T1 - 73.05
T2 - 72.00
*if the market sets...
JPY is today gain power on opening of markets from oil event (plant atack), this pair is in consolidation few days, in my op consolidation is near to be finished, we can expect down trend. AUD is start losing power, because of weakend event atacks on oil platform.
Chart time frame - 1D
Time for reaching TP - 8 - 72...
For some time now, AUDJPY has been downtrending after finding it's place under the .236 speedfan resistance. Now, a short term rally may provide us with an opportunity to cash in on this trend once again.
Now, this trade IDEALLY would have been taken at the 62% retrace - 88~
Already, we have touched the 127% extension. I believe this rally is a...
AUDJPY to climb from its upside confirmation at 74.550 where it could potentially bounce further to 76.200.
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Losses can exceed the initial investment so please ensure you fully
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AussieJPY had a straight Bullish run for several days now, and on the daily it is now at past support that can become future resistance. if you take a look here at www.mataf.net and you pull up the Aussie Daily chart and you pull up the JPY Daily chart you will see that the Aussie is hitting a past support that can become...
As AUDUSD and USDJPY are both strong recently,
AUDJPY has become one of the strongest pairs in the last couple of days.
I would like to get involved in this uptrend so that I need a trading plan,
here we got this 4hr demand zone to long!
Let's see how it goes yo!