Today's focus: AUDJPY
Pattern – Continuation
Support – 98.90 & 98.35
Resistance – 100.20 & 100.60
Hi, traders; thanks for tuning in for today's update. Today, we are looking at the AUDJPY on the daily.
We could have a new continuation forming as buyers have beaten yesterday's high backing in a second positive session. Australian employment data came in mixed...
AUD/JPY is exhibiting strong bearish momentum and could potentially extend this current downtrend.
Sell entry is at 99.07 (sell at market).
Stop loss is at 100.10 which is a level that sits above a pullback resistance.
Take profit is at 98.29 which is a pullback support that aligns with the 61.8% Fibonacci retracement level.
High Risk Investment Warning...
The AUDJPY is bullish on the higher time frame. Here we explore a potential trade opportunity if the conditions mentioned in the video arise. Not financial advice.
AUD/JPY is trading close to a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 99.37 which is a pullback support.
Stop loss is at 98.07 which is a level that lies underneath a pullback support and the 161.8% Fibonacci extension level.
Take profit is at 101.34 which is a level that aligns with the 100.0% Fibonacci...
Hey Traders,
Previously I discussed the continued long term choppy market present on the AUDJPY.
Following this, and a minor fall, we can observe and analyse for future moves.
Watch for more.
Hey Traders,
If you load up your higher TFs you can see a series of sideways movement.
Trading on logic, what you have seen, and natural price action rules is vital for consistency.
Watch for more.
The current analysis focuses on the bullish trend of the AUD/JPY currency pair, supported by relevant data and indicators:
1.
MACD Analysis: The MACD for AUD/JPY is positive, indicating a bullish trend. This suggests that the pair is likely to continue its upward momentum.
2.
RSI Analysis: The RSI for AUD/JPY is at 64.69, which falls within the moderate range....
AUD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 97.325 which is a pullback support that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 96.750 which is a level that lies underneath a swing-low support.
Take profit is at 98.129 which is a pullback resistance that aligns...
AUD/JPY has reversed off a pullback resistance and could potentially drop lower from here.
Sell entry is at market (97.359).
Stop loss is at 97.850 which is a level that sits above the 61.8% Fibonacci retracement level and a pullback resistance.
Take profit is at 96.896 which is a pullback support that aligns close to the 61.8% Fibonacci retracement level.
...
AUD/JPY is falling towards a potential breakout level and could drop lower from here.
Sell entry is at 97.361 which is a potential breakout level (wait for the current 1-hour candle to close below 97.361 for confirmation of the bearish breakout).
Stop loss is at 97.900 which is a level that sits above a pullback resistance.
Take profit is at 96.850 which is an...
Welcome back! Let me know your thoughts in the comments!
** AUDJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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