If we take a look at the chart previously once price broke support it made a rising wedge pattern and then fell through the floor.. I could be reaching BUT i see the same thing happening. Looking to short to support, waiting for confirmation of a breakout
AUDJPY expected to rise up to 1st resistance at 74.579 where it could potentially react off and drop down to 1st support at 73.854. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDJPY is in a trend reversal plus consolidation phase for almost a month now. However, I expect the price to make a quick bearish move very soon. Currently, the price action shows bears are gaining strength to accelerate the downtrend. Possible Sell Signal: Entry : 74.15-74.60 SL :75.10 TP :70.00
Price bounced off support but once it breaks its a sell to the green area It has tested this level several times today and im expecting a break tomorrow which should start a change in trend
Price has now reached a key level of support, once broken it will be a sell to the green area We can see in this chart price has tested this area several times last week before bouncing off, i believe we can get a few more short buys in before it starts to fall ALWAYS wait for confirmation before jumping in! AUDJPY - SELL SL - 74.427 TP - 71.418
Price is currently testing support, once broken I see a nice sell to the green area
Test of the horizontal line if a push to the upside occurs then bullish.
BUY @70.442 STOP LOSS @1.86651 TAKE PROFIT @70.917 TRAIL @70.326
AUDJPY recap of last week's trade and weekly analysis for the upcoming week starting today May 24, 2020 to May 29,2020.
AUDJPY is approaching its resistance at 70.253 where it is could reverse down to its support at 67.685. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
As can be seen in the chart, I expect AUDJPY to hit the 69.700 level soon, because of a strong uptrend over the past several days, plus this pair has easily breached the previous strong resistance level of 69.200 from the month of March. I see it touching 69.700 soon.
Hey what's up traders? Please LIKE & FOLLOW, thank you! AUDJPY is looking amazing! Keeping a close eye on this pair to see if we can stay under resistance and start pushing lower. Keeping a close eye on this pair potential shorts soon!
AUDJPY is approaching its resistance at 68.566 where it is could reverse down to its support at 66.970. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
As indicated in the chart, there's a possibility of a drop to 66.50. I have highlighted the Sell Zone with an ellipse in my chart.
Trade at your own risk....