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Audjpybuy

AUD/JPY set to break to new highs?Last week we saw AUD/JPY roll over nicely from a key resistance zone, yet its fast turnaround from the 200-day EMA now has a potential bullish breakout on our radar. A bullish pinbar formed on Friday after prices fell through our bearish target before closing above the 100-day EMA, then breaking above the 50 and 20-day EMAs on Monday. Prices are holding around trend resistance ahead of today's RBA meeting, where economists favour a 25bp hike yet money markets have priced in a pause. A hawkish meeting could send prices above 96, whilst a pause could see an initial pullback. IN which case, we'd like to see evidence of a swing low above or around Friday's high or the 20-day EMA, in anticipation of an eventual break above 96.
Long
by CityIndex
1
AUDJPY Trading Plan - 14/May/2023Hello Traders, Hope you all are doing good!! I expect AUDJPY to go Up after finishing the correction. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Long
by For3xScalper
AUDJPY - FUNDAMENTAL + TECHNICAL BIAS#AUDJPY These days, AUDJPY is slightly UP due to MARKET RISK ON. The reason for that was that the MARKET SENTIMENT was somewhat POSITIVE with FED UPDATES. JPY WEAK AFTER BOJ MEETING. Because of that, XXXJPY CURRENCIES went UP very fast. It still has an effect. Anyway, they said that the BOJ MONETARY POLICY will be relaxed even more. Therefore, after JPY becomes PRICE, XXXJPY PRICES may be UP in the future. Even now, we see that the MARKET is somewhat MARKET RISK ON. We expect AUDJPY to RETRACE to higher resistance. Anyway, if the AUDJPY goes upside down again, the VIX should go down and the JPY should go up, and STOCKS should go up. The dollar should continue to strengthen as it has in recent days. AUDJPY can definitely SELL at 90.00 LEVEL. But somehow, after that, AUDJPY may go UP to 95.54 LEVEL. Anyway, if JPY becomes WEAK, if the UP SIDE STRUCTURE is BREAK, there is a very good situation to BUY AUDJPY.
by benny_marshall
AudJpy- A really beautiful chart suggeting a rise to 95In my video from Saturday, I discussed that traders should look very closely at Jpy pairs because a resumption of the long-term bullish trend could have started, and on my Monday written analysis I draw attention to AudJpy that was on the verge of an upbreak above double bottom's neckline. This, indeed, happened and this break is also confirmed at this moment. Continuation to the upside is probable at this moment and, after a clear break above the falling trend line's resistance, the pair could reach the 95 zone. 93 is also a resistance level that you should be aware of if, indeed, we continue to the upside. A drop back under the broken level would negate this bullish scenario.
Long
by Mihai_Iacob
5