AUD/JPY | Bullish Momentum After Australian CPI Data ReleaseThe AUD/JPY pair gained a strong bullish boost after higher-than-expected Australian consumer inflation data, which dampened speculation of an interest rate cut by the Reserve Bank of Australia (RBA). Currently, the price is at a new weekly high and awaits confirmation of a breakout.
1. Market Fundamental Factors (Drivers of the Upside)
Higher Australian Inflation: The hotter (higher) Australian consumer inflation figures dampened market bets for further interest rate cuts by the RBA.
Impact: This significantly boosted the Australian Dollar (AUD), lifting the AUD/JPY pair to the 101.70 area (a new weekly high).
2. Technical Analysis and Indicators
Long-Term Bias: The 100-day Simple Moving Average (SMA) is rising steadily, and the price is holding above it, reinforcing the bullish bias.
Trend Conditions: Trend conditions will remain favorable as long as the price is above the rising SMA, which is currently below 98.00.
3. Bullish Scenario โฌ๏ธ
Strong Upside Trigger: Bulls await a breakout through the nearly three-week-old trading range (currently around 101.70). A decisive MACD push into positive territory would strengthen this case.
Next Target: A move will head towards the 102.45-102.50 region, or the highest level since July 2024, touched last week.
4. Bearish Scenario โฌ๏ธ
Initial Key Support: Weakness below the 101.40 area is likely to find decent support near the 101.00 round number.
Trading Range Support: A break below 101.00 could retest the trading range support around the 100.40-100.35 region.
Bias Reversal: A convincing break below 100.35 could trigger technical selling and drag the price below the psychological 100.00 mark, towards the next relevant support near the 99.65 - 99.60 region.
Audjpylong
AUD/JPY Price Outlook โ Trade Setup๐ Technical Structure
OANDA:AUDJPY AUD/JPY has rebounded toward 101.20 after defending the 100.40โ100.70 support zone, keeping the medium-term uptrend structure intact. Price continues to trade above a rising trendline and the 100-day EMA, while momentum (RSI) remains in bullish territory.
The chart shows a clear range within an ascending structure:
Support zone: 100.40 โ 100.70
Resistance zone / target area: 102.07 โ 102.39
As long as the cross holds above 100.40, dips into support are likely to attract buyers, with upside potential back toward the 102.00+ resistance band. A decisive 4H close below 100.40 would invalidate the bullish scenario and expose the 99.80 area.
๐ฏ Trade Setup
Idea: Buy dips into support, targeting a move back into the 102.00 resistance zone.
Entry: 100.70 โ 100.40
Stop Loss: 100.10 (below support and recent swing low)
Take Profit 1: 102.07
Take Profit 2: 102.39
RiskโReward Ratio: โ 1 : 2.81
Bias stays constructively bullish while price holds above 100.40โ100.70 on a closing basis. A 4H close below this zone would warn that the bullish structure is breaking down.
๐ Macro Background
According to FXStreet, AUD/JPY has attracted buyers near 101.20 in early European trading as the Japanese Yen weakens on fiscal concerns and uncertainty over the Bank of Japanโs (BoJ) tightening path. Mixed signals from Tokyo keep JPY under pressure, supporting the cross.
BoJ & Japan:
Markets remain unsure how quickly the BoJ will move away from ultra-loose policy.
Japanโs Finance Minister Satsuki Katayama reiterated that FX intervention is possible if JPY moves become โexcessively volatile and speculative,โ which could cap AUD/JPY on sharp spikes higher.
Australia:
Traders are watching October CPI data due Wednesday for clues on the RBAโs rate path.
A firmer CPI print could reinforce expectations that the RBA will keep policy relatively tight, lending support to AUD.
Overall, BoJ uncertainty and relatively firmer Australian yields favour AUD/JPY on dips, but the risk of verbal or actual FX intervention argues for scaling out profits near resistance rather than chasing the move.
๐ Key Technical Levels
Resistance zone: 102.07 โ 102.39
Interim resistance: 101.70โ101.90
Support zone: 100.40 โ 100.70
Invalidation level (bulls): 100.40 (4H close below)
๐ Trade Summary
AUD/JPY remains in a gradually bullish structure above the 100-handle, with buyers defending the 100.40โ100.70 support band. As long as this floor holds, the setup favours buying dips toward support and targeting 102.07โ102.39 where prior supply and intervention risk may re-emerge. Traders should stay alert to Japanese officialsโ comments and the upcoming Australian CPI release, which could amplify short-term volatility.
โ ๏ธ Disclaimer
This analysis is for reference only and does not constitute trading advice. Trading involves significant risk, and proper risk management is essential.
AUDJPY: +400 Pips Possible Buying Opportunity! Dear Traders,
AUDJPY is likely to continue the bullish price momentum up until 104, currently price has reversed from a critical point. You may consider buying at this moment with a proper risk management. Please use strict management while trading and use this analysis for educational purposes only.
Please like and comment for more!
Team Setupsfx_โค๏ธ๐
AUDJPY Forming Bullish StructureAUDJPY continues to show strong bullish structure, with price breaking out of a descending channel and pushing toward new highs, confirming continued buying interest. The market has been forming higher highs and higher lows, and this recent breakout signals a potential continuation of bullish momentum. From a technical perspective, the breakout above the consolidation zone reflects aggressive demand from institutional participants, and as long as price holds above the recent support region, buyers may continue controlling the trend.
Fundamentally, AUDJPY is currently influenced by contrasting monetary conditions between the Reserve Bank of Australia and the Bank of Japan. The RBA has maintained a firm stance as inflation in Australia remains above the target range, increasing the probability of additional rate policy firmness to keep inflation under control. This supports the Australian dollar, as higher interest rates strengthen currency demand in global carry trade flows. On the opposite side, the Bank of Japan continues to maintain an ultra-dovish stance, with very low interest rates and ongoing financial easing, which keeps the yen fundamentally weak.
At the same time, global equity sentiment remains risk-on, which typically benefits AUD over JPY due to Australiaโs commodity-linked profile. With Japanese yields still suppressed and foreign capital outflows steady, traders continue favoring AUDJPY as a popular carry trade pair. If risk sentiment remains stable and RBA maintains its policy outlook, the pair may continue advancing toward higher price levels in the medium term.
Overall, as long as price remains above the breakout level and the fundamental divergence between the two central banks persists, AUDJPY has the potential to sustain further upside. Professional traders will continue watching price reactions on retests and market volume to secure profitable continuation entries as the bullish trend develops.
AUDJPY โ Bullish Structure Continuation Setup (1H)
Price is holding a clear Higher Low (HL) around 100.60, keeping the bullish trend structure intact.
Recent swing behavior shows HL โ HH โ HL, indicating buyers still control the market.
Price is attempting to reclaim short-term EMAs, suggesting momentum may shift upward again.
RSI is stabilizing above mid-level, supporting a possible bullish continuation.
Trade Plan
Buy Zone: 100.80 โ 100.90
Take-Profit (TP): 102.00
Stop-Loss (SL): 100.07
Why This Setup Works
Bullish market structure remains valid while HL holds.
102.00 aligns with previous liquidity and psychological resistance.
Momentum indicators and structure both point toward upside continuation.
Invalidation
Break and close below 100.07 cancels the bullish setup and suggests a trend shift.
AUD/JPY - Bullish Flag (03.11.2025)๐ง Setup Overview:
AUD/JPY is forming a Bullish Flag Pattern on the 30-minute chart โ a continuation setup suggesting potential upside momentum after consolidation. The price has respected the flag support zone and is attempting a breakout above the descending channel, signaling renewed bullish pressure.
๐ก Technical Plan: Pattern: Bullish Flag Pattern
Bias: Buy after confirmation breakout and retest
Support Zone: 100.650 โ 100.700
Entry Zone: Near 100.850 โ 100.900 (after breakout confirmation)
Targets:
๐ฏ 1st Resistance: 101.460
๐ฏ 2nd Resistance: 101.753
Invalidation: Close below 100.600 negates the bullish bias
๐ Fundamental Insight (Today โ 3 Nov 2025)
The AUD finds strength as Chinaโs manufacturing PMI beats expectations, improving sentiment for commodity-linked currencies.
Meanwhile, the JPY remains under pressure due to continued Bank of Japan dovishness and yield differentials favoring risk assets.
Market tone is risk-on, further supporting bullish momentum in AUD/JPY.
โ ๏ธ Disclaimer:
This setup is shared for educational purposes only. It is not financial advice. Always do your own analysis and apply proper risk management before trading any setup.
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Can The Yen Fight Inflation While Rates Stay Low?The AUD/JPY currency pair's surge above 101.00 is a direct result of two opposite forces. The Australian Dollar (AUD) is strong because inflation is unexpectedly high, forcing the RBA to keep its interest rate at 3.60%. This high rate attracts global investment, as traders move money to Australia for better returns. Meanwhile, the Japanese Yen (JPY) is weak because the BoJ maintains an extremely low interest rate, near zero, to boost its economy. This wide gap in rates makes the AUD/JPY a favorite for the "Carry Trade," where investors earn the difference, pushing the pair higher.
Beyond just interest rates, geopolitics is playing a crucial role. The recent US-China trade deal, which saw a truce on certain tariffs and export controls on rare earth minerals, strongly benefits the commodity-linked AUD. Australia is a major exporter of these minerals. This trade calm reduces global risk and boosts demand for Australian goods. Conversely, the JPY suffers from political choices, as Japan's new government plans aggressive spending. This combination of low rates and high spending ensures the JPY remains weak, reinforcing the strong case for continued AUD/JPY strength.
AUD/JPY - M30 - Bullish Channel FormationAUD/JPY โ Buy Entry (M30- Channel Pattern)
The AUD/JPY Pair, Price has been trading within a Channel Pattern on the M30 chart, forming consistent higher highs and higher lows. Price action is now testing the upper boundary of the Pattern, signalling a possible breakout.
โ
Market Context:
1๏ธโฃStrong Upward Structure Inside the Pattern.
2๏ธโฃBuyers are showing strength near Resistance.
3๏ธโฃBreakout above the Trendline indicates Momentum continuation toward higher zones.
โ
Trade Plan:
Entry: Buy after Confirmed Breakout above the Resistance (H1 candle close above trendline or retest of the breakout).
๐ฐTake Profit (TP): At the Key Zone โ a Major Resistance area identified ahead.
๐Stop Loss (SL): Below the Pattern Structure.
โ
Psychological Discipline :
1๏ธโฃStick to plan โ No Revenge Trades.
2๏ธโฃAccept losing trades as Part of the Strategy.
3๏ธโฃRisk only 1โ2% of your account balance per trade.
๐ฌ Support the community: If you found this useful, drop a ๐ like and share your thoughts in the comments!
โ ๏ธ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Forex trading involves high risk. Trade only with capital you can afford to lose and always do your own research.
AUDJPY Eyes a Rally Above 100.00 as Japan Likely Holds RatesHey Realistic Traders!
Falling Wedge Breakout & Looser Fiscal Policies, Could OANDA:AUDJPY exceed 100.000 level?
Current Market Sentiment
The yen slipped to a one-week low on Tuesday after hardline conservative Sanae Takaichi was elected as Japanโs new prime minister. Her expected push for looser fiscal policies and the potential for greater uncertainty over interest rates have added pressure on the currency. Therefore, we anticipate further yen weakness ahead.
Now, Letโs dive into the technical analysis to see what the chart is really telling us.
Technical Analysis
AUDJPY has moved above the EMA200 again and the bullish candlestick remains above the EMA200 level, indicating bullish trend. While the MACD golden cross added confirmation to the bullish bias. Together, these factors strengthen the case for continuation of the prevailing trend.
In this scenario, the first upside target lies at 100.774 , a level that coincides with historical resistance and where a short-term correction could take place. Should bullish momentum persist, AUDJPY has the potential to extend higher toward 102.098.
This bullish outlook will remain valid as long as price stays above 96.254. A move below that level would invalidate the setup and return the outlook to neutral.
Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on AUDJPY.
AUDJPY Overextended: Watching for a Corrective Pullback ๐ Taking a closer look at AUD/JPY, we can see that price is in a strong bullish trend, but currently overextended and trading into a major external range high โ an area rich in liquidity ๐ฆ. The market appears to be absorbing buy-side liquidity, signaling that a corrective phase may be approaching.
From a structural standpoint, Iโm monitoring two overlapping concepts โ a potential Three-Drive pattern ๐ and a Five-Wave structure that may lead into an ABC correction. Both suggest that price could be preparing for a deeper retracement before the next bullish leg resumes.
At this stage, Iโm not interested in buying at a premium ๐ธ. Instead, Iโll wait for price to pull back, ideally into a discount zone, and then look for bullish structure confirmation to rejoin the trend. Patience here is key โ let the market come to you. ๐งโโ๏ธ
๐ฌ Disclaimer: This analysis is for educational purposes only and not financial advice. Always trade responsibly and manage risk effectively.
Will AUD/JPY Break 97.5? Bullish Thief Plan & Fundamental Edge๐ AUD/JPY โAussie vs Yenโ | Thief Market Plan ๐ญ (Swing/Day Trade)
๐ Plan Overview
Bias: Bullish (Pending Order Plan)
Entry Idea: Breakout above 97.500 โก Moving Average Dynamic Line
Thief Layer Strategy:
Multiple Buy Limit Orders โ 96.500 | 97.000 | 97.500 | 97.700
You can increase layer entries based on your own plan.
โ
Always confirm with breakout before entry.
๐ Set an alert in TradingView to catch breakout moves easily.
Stop Loss (SL): Thief SL suggested near 96.300 (after breakout level).
Note: This is not a fixed ruleโadjust SL according to your own risk management.
Take Profit (TP): Resistance barricade at 99.000 (overbought + liquidity trap zone).
Note: Escape with profits before the police barricade! ๐ฏ
๐งญ Why This Plan? (Thief OG Strategy + Market Analysis)
๐ AUD/JPY Key Data (08 Sept 2025)
Prev. Close: 97.35
Dayโs Range: 96.82 โ 97.35
Change: -0.44 (-0.45%)
๐ฐ Fear & Greed Sentiment
CNN Fear & Greed Index โ 51.5 (Neutral)
Market momentum balanced, mild caution amid geopolitical risk.
๐ Retail vs Institutional Sentiment
๐งโ๐ผ Retail Traders โ Bullish 60% | Bearish 40%
Retail leaning bullish thanks to AUD resilience.
๐ฆ Institutional Outlook โ Bullish bias (AUD strength vs BOJ dovishness)
Concerns: Japanese political uncertainty (PM resignation).
Macro Score: 7/10 in favor of AUD.
๐ Fundamental & Macro Drivers
โ
AUD Strengths
๐ฅ Inflation hot (July CPI +2.8% y/y)
๐ Household spending growth (+5.1% y/y)
๐ฆ RBA keeping policy steady (hawkish tilt)
โ JPY Weaknesses
๐๏ธ BOJ dovish stance continues
๐๏ธ Political instability (PM resignation)
๐ US auto tariff cuts pressuring JPY
๐๐ป Market Outlook
Bullish (Long) Score: 70%
Bearish (Short) Score: 30%
Summary: AUD/JPY shows bullish structure above 97.00, but caution on overbought signals after 10-day rally.
โ ๏ธ Risks to Watch
US NFP (Sept 12) โ May drive USD/JPY flows.
Overbought daily RSI signals.
Geopolitical volatility (China & Ukraine).
๐ฏ Bottom Line
AUD/JPY maintains a bullish bias ๐ข with fundamentals, sentiment, and Thief layering strategy supporting higher targets.
๐ Monitor 97.45โ97.50 breakout zone โ potential continuation toward 99.000.
๐ Related Pairs to Watch
FX:USDJPY | OANDA:AUDUSD | OANDA:EURJPY | OANDA:GBPJPY
โจ โIf you find value in my analysis, a ๐ and ๐ boost is much appreciated โ it helps me share more setups with the community!โ
#audjpy #forex #swingtrade #daytrade #fundamentalanalysis #sentiment #thieftrader #forexanalysis #macromarket #currencytrading
AUDJPY.....IS GOING FOR A RIDE? I THINK SOHey Amazing People!
My T.A. of AJ is pretty simplistic, we have seen a rejection to the downside and what seems to be a double bottom in the making on the 1H time frame! Showing me that we could see a heavy push to the upside, also taking out a key R-Zone! Meaning that there is a TON of avaiable room to run up and orders that need to be eaten up! So I believe if we have a break of the current high we can see a rally to Price points such as
97.580 or even
97.660-97.728!
I am worried about AUS news reaction on tuesday but we can only wait and see but either way the currency strength are rather equal so it sould just continue with trend.
This is just my thoughts and logging but tell me what you think? I trade with binary options so I let price tell me which way to go so if it follows this im going to sell high and buy low! If price gives me a push to the downside well dang haha looks like we looking for sell ops!! ;P
but let me know your thoughts or if you feel like this could be correct as well!
AUDJPY Daily Forecast -Q4 | W40 | D3 | Y25|๐
Q4 | W40 | D3 | Y25|
๐ AUDJPY Daily Forecast
๐ Analysis Approach:
Iโm applying Smart Money Concepts, focusing on:
Identifying Points of Interest on the Higher Time Frames (HTFs) ๐ฐ๏ธ
Using those POIs to define a clear trading range ๐
Refining those zones on Lower Time Frames (LTFs) ๐
Waiting for a Break of Structure (BoS) for confirmation โ
This method allows me to stay precise, disciplined, and aligned with the market narrative, rather than chasing price.
๐ก My Motto:
"Capital management, discipline, and consistency in your trading edge."
A positive risk-to-reward ratio, paired with a high win rate, is the backbone of any solid trading plan ๐๐
โ ๏ธ Losses?
Theyโre part of the mathematical game of trading ๐ฒ
They donโt define you โ theyโre necessary, they happen, and we move forward ๐โก๏ธ
๐ I appreciate you taking the time to review my Daily Forecast.
Stay sharp, stay consistent, and protect your capital
โ FRNGT ๐
FX:AUDJPY
AUDJPY - Impulse wave underway?โข Following a 3-wave corrective decline from July 2024 to April 2025, Iโve identified what appears to be a 5-wave impulsive move to the upside. There are multiple ways to count this structure, but treating wave (iv) as a running flat gives the most balanced outcome from both a Fibonacci retracement and extension perspective.
โข From a higher-degree view, I believe Wave 1 and Wave 2 of a larger impulsive sequence are now complete, and we may currently be in Wave 1 of Wave 3 which is a high-probability rally zone.
โข I entered the trade at 97.40 on Monday, 8th September, following a breakout above recent swing highs. Since then, price may have completed a Wave 2 retracement, and my stop loss remains at 96.30; the start of the current Wave 1 leg so the trade thesis is still valid.
โข Key risk to this setup is upcoming inflation data, which could influence the Fedโs interest rate decision and impact global risk sentiment (AUDJPY being a risk-sensitive pair).
โข View Daily Count for Broader Context -
AUDJPY Daily Forecast -Q3 | W40 | D30 | Y25|๐
Q3 | W40 | D30 | Y25|
๐ AUDJPY Daily Forecast
๐ Analysis Approach:
Iโm applying Smart Money Concepts, focusing on:
Identifying Points of Interest on the Higher Time Frames (HTFs) ๐ฐ๏ธ
Using those POIs to define a clear trading range ๐
Refining those zones on Lower Time Frames (LTFs) ๐
Waiting for a Break of Structure (BoS) for confirmation โ
This method allows me to stay precise, disciplined, and aligned with the market narrative, rather than chasing price.
๐ก My Motto:
"Capital management, discipline, and consistency in your trading edge."
A positive risk-to-reward ratio, paired with a high win rate, is the backbone of any solid trading plan ๐๐
โ ๏ธ Losses?
Theyโre part of the mathematical game of trading ๐ฒ
They donโt define you โ theyโre necessary, they happen, and we move forward ๐โก๏ธ
๐ I appreciate you taking the time to review my Daily Forecast.
Stay sharp, stay consistent, and protect your capital
โ FRNGT ๐
FX:AUDJPY
AUDJPY Daily Forecast -Q3 | W40 | D29 | Y25|FX:AUDJPY
๐
Q3 | W40 | D29 | Y25|
๐ AUDJPY Daily Forecast
๐ Analysis Approach:
Iโm applying Smart Money Concepts, focusing on:
Identifying Points of Interest on the Higher Time Frames (HTFs) ๐ฐ๏ธ
Using those POIs to define a clear trading range ๐
Refining those zones on Lower Time Frames (LTFs) ๐
Waiting for a Break of Structure (BoS) for confirmation โ
This method allows me to stay precise, disciplined, and aligned with the market narrative, rather than chasing price.
๐ก My Motto:
"Capital management, discipline, and consistency in your trading edge."
A positive risk-to-reward ratio, paired with a high win rate, is the backbone of any solid trading plan ๐๐
โ ๏ธ Losses?
Theyโre part of the mathematical game of trading ๐ฒ
They donโt define you โ theyโre necessary, they happen, and we move forward ๐โก๏ธ
๐ I appreciate you taking the time to review my Daily Forecast.
Stay sharp, stay consistent, and protect your capital
โ FRNGT ๐
AUDJPY Daily Forecast -Q3 | W39 | D24 | Y25| ๐
Q3 | W39 | D24 | Y25|
๐ AUDJPY Daily Forecast
๐ Analysis Approach:
Iโm applying Smart Money Concepts, focusing on:
Identifying Points of Interest on the Higher Time Frames (HTFs) ๐ฐ๏ธ
Using those POIs to define a clear trading range ๐
Refining those zones on Lower Time Frames (LTFs) ๐
Waiting for a Break of Structure (BoS) for confirmation โ
This method allows me to stay precise, disciplined, and aligned with the market narrative, rather than chasing price.
๐ก My Motto:
"Capital management, discipline, and consistency in your trading edge."
A positive risk-to-reward ratio, paired with a high win rate, is the backbone of any solid trading plan ๐๐
โ ๏ธ Losses?
Theyโre part of the mathematical game of trading ๐ฒ
They donโt define you โ theyโre necessary, they happen, and we move forward ๐โก๏ธ
๐ I appreciate you taking the time to review my Daily Forecast.
Stay sharp, stay consistent, and protect your capital
โ FRNGT ๐
FX:AUDJPY
AUDJPY Momentum Weakens, Sellers Eye Deeper PullbackAUDJPY has lost steam after a strong recovery rally, with sellers now pressing back below trendline support. The recent rejection near 98.40 signals exhaustion, and the pair looks set for a corrective leg lower toward key support zones. Unless buyers reclaim higher ground quickly, the near-term risk is skewed to the downside.
Current Bias
Bearish โ price action shows a breakdown from recent upward momentum, with downside targets opening below 97.10.
Key Fundamental Drivers
RBA Policy: Australiaโs central bank remains cautious with no immediate tightening bias, limiting AUD support.
BOJ Policy: Still ultra-loose but rising JGB yields and quiet speculation about adjustments give JPY some underlying support.
Commodities: Weakness in iron ore and concerns around Chinese growth cap AUD upside.
Macro Context
Interest Rates: RBA is holding rates steady, while markets anticipate the Fed and ECB easing earlier than BOJ. Yield differentials still favor AUDJPY upside, but recent data has weakened AUDโs momentum.
Economic Growth: Australiaโs growth is slowing; Japan is stable but not accelerating, making yield spreads the main driver.
Geopolitics: Trade tensions and tariff-related uncertainty push investors toward JPY during risk-off episodes, undermining AUD.
Primary Risk to the Trend
A rebound in Chinese demand or a risk-on rally in equities could boost AUD and derail the bearish setup.
Most Critical Upcoming News/Event
Australian retail sales and CPI updates
Japanese inflation data
China PMIs for growth signals impacting AUD
Leader/Lagger Dynamics
AUDJPY is a lagger compared to USDJPY and EURJPY, which tend to set the tone for yen pairs. It is also influenced by AUDUSD moves, making it sensitive to Chinese and commodity-linked headlines.
Key Levels
Support Levels: 97.10, 96.29
Resistance Levels: 97.90, 98.40
Stop Loss (SL): 98.72 (above recent highs)
Take Profit (TP): 97.10 (first target), 96.29 (secondary target)
Summary: Bias and Watchpoints
AUDJPY is turning bearish after losing momentum at 98.40, with sellers eyeing 97.10 and 96.29 as key downside targets. A stop above 98.72 helps protect against sharp rebounds, while risk sentiment and China data remain the main watchpoints. The pair is more of a lagger, following broader yen moves and AUD commodity flows, so traders should watch USDJPY and AUDUSD closely for signals.
AUD/JPY - Channel Pattern (05.09.2025) The AUD/JPY pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Channel Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance โ 97.26
2nd Resistance โ 97.52
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