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Audjpy-short

AUDJPY return to trend and FALL to SUPPORT lineSince November 2019, the price has been increasing. However, it was not in an uptrend all this time. After the price left it in February last year, it was able to return to the trend only in February 2021. Breaking through the strong support zone at the intersection of the trend line and the 80.55 level. After the breakout, the price continued to move in the trend and returned to support 82.21 last week. From which she began to grow. I expect the price to touch the 86.03 resistance and then drop to support at 83.48. This will be our goal. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
10
AUDJPY WeaknessPrice shown on daily having hard time within the 85.0 and 85.5 range as a double touch of this range can be seen. Zooming into the 4h timeframe, you can see a clear break of the uptrend after a hard rejection from the daily zone. A retest and rejection followed. Pushdown, consolidation, pushup and rejection. This rejection was lower than the original, even though just a small amount. On 1h, bearish break of consolidation. Retest of the 84.0 level with a hard rejection. Closing the last hour with a bearish gravestone. Looking for sells toward the 82.4 daily recent low. AUDJPY Daily AUDJPY 4h AUDJPY 1h
Short
by realglennfranc
AUDJPY reversal in trend and start of a new FALLMarch for the price began with a false breakdown of the resistance line at 83.83, then there was a strong price collapse, an attempt to break through the support line at 82.31. After that, the price finally returned to the uptrend, which has been adhered to since November 2020. During the growth in this trend since the beginning of March, the price again reached the resistance line and touched it at 84.78. It is already clear that the price reversed from this line and showed a slight downward movement. And I expect it to continue to fall. So my final target is the 83.67 support line. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
7
AUDJPY FALLING from strong RESISTANCE zoneAt the beginning of this month, the price rose and managed to break first the resistance line 80.002, then the level of 80.556, but immediately after that it touched the resistance line 80.836 and returned back to the first line. These two lines together with the level create a strong resistance zone. It is important to note that one of these lines, the trend line, was formed in June 2019. The second has existed much longer - the first touch of this line happened in 2017. A strong resistance zone is the main reason based on which I expect that the price will not be able to continue to rise and will start falling despite an attempt to break through. Now I expect the price to reverse from the resistance line at 80.186 and drop to the support line in the near future. Of course, it will not do without corrections. Thus, my final target is the support line at 75.45. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
5
AUDJPY continues FALL to support lineAt the very beginning of January, the price came to a strong resistance zone of 80.99. This zone is formed at the intersection of two strong resistance lines, one of which appeared in 2019, and the second, a stronger one, in 2014. As expected, the price bounced from this zone and began to fall, but after a few days it returned to the zone during the correction. For the second time, the price began to fall from the 80.82 line. But this time there was also a correction. However, during the second correction, the atk price did not return to the resistance zone, but stopped short of reaching it. Like last time, I continue to expect that despite the correction, the price will continue to fall from the resistance zone and eventually come to the support line. Thus our final target is the 78.43 support line. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
12
AUDJPY touched RESISTANCE zone and FALL In my previous forecast, we expected the price to rise from the support line to the resistance, and as we can see, the price really showed a strong growth over the last month. From the support line at 77.74, it moved up to the resistance zone of 80.96. This is a strong zone formed by two lines. The first line is the youngest, appeared on the chart in 2019, the second is older, formed at the highs of the chart since 2014. After the first touch of the zone, the price bounced back and began to fall, but immediately corrected to the zone again. I now expect a fall for two main reasons. First, the price will not be able to break through such a strong zone. Secondly, one should take into account the strong growth preceding this and the breakdown of the support line, after which the price has no resource left and there is no strong enough support for growth. Therefore, the final target that I now expect is the 78.30 support line. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
7