Aud-jpy
AUDJPY to find sellers at market?AUDJPY - Intraday
Broken out of the channel formation to the downside.
We look to sell rallies.
We expect a reversal in this move.
Risk/Reward would be poor to call a sell from current levels.
A move through 96.25 will confirm the bearish momentum.
We look to Sell at 96.80 (stop at 97.30)
Our profit targets will be 95.60 and 95.40
Resistance: 96.80 / 97.00 / 97.25
Support: 96.25 / 96.00 / 95.75
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Buy AUDJPY Channel BreakoutBoJ not changing policy, intensified interest rate differential game:
Comments from the country's monetary authorities suggest a new wave of pressure on the yen after three months of easing or ‘recharging’. With the Bank of Japan not changing policy, the yen is potentially under pressure from an intensified interest rate differential game. And this game promises to be more aggressive now than a year ago, as yield spreads between Japan and the US have widened for both short and long-term yields. The current higher interest rate environment is an opportunity for Japan to competitively devalue its currency to support national exporters, which it failed to do in the last decade in the era of zero interest rates.
Price breaks the channel now, its good chance to buy now.
Thank you
AUDJPY - Keep It Simple 👌Hello TradingView Family / Fellow Traders,
📈 AUDJPY has demonstrated an overall bullish trend, trading within the rising broadening wedge pattern in blue.
Currently, AUDJPY is sitting around the lower bound of the wedge.
Moreover, the 96.5 serves as a robust demand zone.
🎯 Therefore, the highlighted blue circle signifies a significant zone to consider for potential buy setups . This area is noteworthy as it marks the convergence of the green demand and the lower blue trendline, acting as a non-horizontal support.
📚 In accordance with my trading style:
As AUDJPY is sitting around the blue circle zone, I will actively search for bullish reversal setups to capitalize on the anticipated next bullish impulse movement.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
AUDJPY to find buyers at market?AUDJPY - 24h expiry
Reverse trend line support comes in at 97.00.
Further upside is expected.
RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending.
A move through 97.25 will confirm the bullish momentum.
The measured move target is 98.00.
We look to Buy at 97.00 (stop at 96.60)
Our profit targets will be 98.00 and 98.50
Resistance: 97.50 / 98.00 / 98.50
Support: 97.00 / 96.75 / 96.00
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
AUDJPY: Buy signalAUDJPY is neutral on its 1D technical outlook (RSI = 51.262, MACD = -0.010, ADX = 30.583) as it has been trading around its 1D MA50 for the last three weeks. We are currently on the bullish wave after the Channel Up made a HL on the 1D MA200, which is the long term Support (since June 2nd 2023). We are going long on today's pullback and target the R1 level (TP = 98.635).
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AUDJPY Our trading plan on this Channel Up.The AUDJPY pair gave us the pull-back we wanted last time (November 03) and delivered a buy opportunity that hit our 97.675 target (see chart below):
The price has since pull-back and rebounded just before testing the 1D MA200 (orange trend-line). Even though it is still restrained below the 1D MA50 (blue trend-line), as long as the 1D MA200 holds, we expect this sequence to be the new bullish leg of the Channel Up, similar to the post July 28 bottom. The Higher High that followed, peaked just above the 1.136 Fibonacci extension level and as a result, our current target is 99.300.
If however the price breaks and closes a 1D candle below the 1D MA200, we will take the loss and attempt to cover it by shorting towards 91.800 (Support 1).
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AUDJPY Potential DownsidesHey Traders, in the coming week we are monitoring AUDJPY for a selling opportunity around 98.200 zone, AUDJPY was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 98.200 support and resistance area.
Trade safe, Joe.
AUDJPY SHORT(Did this publishing on my mobile app.) On the Daily timeframe, a potential ABC pattern has been spotted. If you look left, the ABC pattern from the past is what I’m referring to. The RSI is overbought at this level and there is also a potential divergence being created between price and RSI. Buyers seem to still want to push but the effort in action seems like it’s gassing. Took an initial entry with a 1:1 setup and may start planning for an additional entry depending on price movement down the road. This is a weekly/ daily trade and will take some time. Not advice. If stop loss gets hit, we will reassess.
AUDJPY: Holding Below the 21-SMA after a Bearish Shark RejectionThe AUDJPY has come up to test the PCZ of this Bearish Shark two times so far and it is now trying to come up for a third but has been slowed down by the 21SMA. If the 21 SMA manages to keep it down I think we can get an impulsive move down to around the 800EMA at 92.50
AUDJPY possible expansionAfter price broke structure with momentum, it gradually retraced back towards a demand zone that it left behind during the expansion. It then started to consolidate, forming liquidity right above this demand, which could fuel price's expansion to the upside after imbalance has been filled and the demand has been mitigated. Due to price being in a bullish trend, our latest high is weak and thus makes it a target for price as it contains liquidity.
AUDJPY: Important Breakout & Bullish Outlook Explained 🇦🇺🇯🇵
AUDJPY broke and closed above a solid horizontal daily resistance.
After a breakout, the price formed a bullish flag pattern on an hourly time frame.
Its resistance breakout after a retest of a broken structure is a strong bullish confirmation.
I anticipate growth now to 98,2
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AUDJPY Buy the pull-back.The AUDJPY pair is trading within a Channel Up pattern that is currently rising on the 1D MA50 (blue trend-line). A recently formed Bullish Cross on the 1D MA50, calls for a potential short-term pull-back similar to the August 24 MACD Bullish Cross. We will wait for that opportunity near the 1D MA200 and buy, targeting Resistance 1 at 97.675.
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AUDJPY: Big week for JPY Yen this weekThere's talk of the BoJ lifting the limit on yields to 1.5% from 1% this week, which would be a very strong catalyst for the Yen to start showing some strength.
We can see that this pair does not have any direction at the moment, trading in a flag pattern, but I don't see this as either bullish or bearish at the moment.
I'm not sure how or when or if to trade this but monitoring, my idea is based on BoJ protecting its currency generally, I am seeing the Aussie getting stronger so think we'll go up before coming back down, let's see...
AUDJPY BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity AUDJPY
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AUDJPY Solid short signal.AUDJPY is on a 1-2-3 pattern like the one in July, currently on the 3rd led down.
This is basically resembling Descending Triangle pattern. One last bearish leg to give before it breaks upwards.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 94.000 (Support A).
Tips:
1. The RSI (1d) patterns between the two sequences are also similar both inside Channel Down formations. This also points to a bearish leg next.
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AUDJPY to see a stem dip?AUDJPY - 24h expiry
A lower correction is expected.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
A move through 94.75 will confirm the bullish momentum.
The measured move target is 95.50.
We look to Buy at 94.00 (stop at 93.60)
Our profit targets will be 95.00 and 95.50
Resistance: 94.75 / 95.00 / 95.50
Support: 94.25 / 94.00 / 93.75
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
AUDJPY Sell pattern after Lower High rejection.The AUDJPY pair is testing the 1day MA50 today having formed Lower Highs since the June 19th peak.
If the 1day MA50 breaks, the MA200 should be put up for testing but it is more likely to test the July 28th Low as the same weak pattern did in 2022.
Sell and target 92.000 (over the 0.5 Fibonacci level).
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AUDJPY: Is this the start of the reversal?We saw some JPY strength last week and I think we could be starting to see reversal, however my confirmation of this will be below 93 support.
Even though BoJ hasn't intervened yet, there was a lot of buying in the week which we saw against the USD, I still expect BoJ intervention soon.
Nice pinbar rejection on the 4HR from my resistance block.
Looking for a short here on LTF's, but with tight SL and will keep it following any move down.
Dead cat bounce on AUD/JPY?Once again we saw AUD/JPY rally above 96 before reversing lower, which is a pattern we have seen occur four times since January 2022. A shooting start reversal formed on Friday and the cross fell around -4% Tuesday’s low, breaking a bullish trendline before finding support at the 200-day EMA, February high and 96 handle.
We’ve seen two modest up days since, but now we’re looking for evidence of a swing high around 95 – as this houses the weekly S1 pivot, 50% retracement level and cycle highs.
The initial target is 94, a break of which brings 93 in focus. But if risk off returns, then a break of 93 seems plausible.