AUDJPY Market Outlook | Daily Forex Market BreakdownAUDJPY
AJ is looking like a decent short opportunity. We have been going sideways. Half tempted to get in now but I am going to watch very VERY closely for now. I like AJ especially because I prefer swing trades and it looks like a good opportunity for us.
Audjpyidea
AUDJPY bounced, potential for a further rise!
AUDJPY bounced off 75.844 where it could potentially rise further to 76.700.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
AUDJPY approaching resistance, look out for potential reversal!
AUDJPY is approaching its resistance at 75.920 where it is could reverse down to its support at 75.260.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
AUDJPY reversed from resistance, potential drop!
AUDJPY reversed off its resistance at 75.260 where it could potentially drop further to 74.428.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
AUDJPY potential reversal!
AUDJPY expected to rise up to 1st resistance at 75.260 where it could potentially react off and drop down to 1st support at 74.428.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
AUDJPY reversed from resistance, potential drop!
AUDJPY reversed off its resistance at 74.684 where it could potentially drop further to 73.591.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
AUDJPY bounced from support, potential for a further rise!
AUDJPY bounced off 74.855 where it could potentially rise further to .75.674
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
AUDJPY bounced from support, potential for a further rise!
AUDJPY bounced off 74.738 where it could potentially rise further to 75.674.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
4HR SELLING POTENTIAL ON AUDJPY Price is really showing potential for bears to dominate the market on the 4HR. At the moment, price is sitting at a zone of support and will most likely retrace to our entry point. ( i have marked my entry at 50% fib retracement ). Should price get to this level i will be entering bearish ( sell). If price trades lower from where it currently is then i will adjust my entry maintaining a 50% entry point.
You should scale majority of your position out at take profit 1 and allow the rest to ride out risk free.
Entry - Grey price level
Take profit 1 and 2 - Green price levels
Stop loss - Red price level
AUDJPY Flashes a Bearish SignalPrimeXBT would like to call your attention to a professional analysis overview of AUDJPY.
Japanese inflation, as represented by the consumer price index (CPI), rose 0.5% year-on-year in November, beating the expected rise of 0.2% by a large margin.
The core CPI, which excludes food and energy prices, rose 0.8% in November from a year earlier, compared to an expected rise of 0.6% following October’s 0.7% uptick.
While inflation bettered estimates, it remained well below the Bank of Japan's (BOJ) 2 percent price objective and is failing to draw bids for the Yen.
Years of massive stimulus program have failed to accelerate inflation and has left the BOJ with low ammunition to combat the next round of recession or economic slowdown.
As we head into 2020, there are concerns over the repo market, despite the FED pumping billions into it for the new year. So, be mindful that we could see bouts of volatility across markets if a funding squeeze occurs. Remember, it was early January that we saw the Yen flash crash. If the FED does manage to keep the issues contained, AUD/JPY could be off to a bright start to the year.
In the near term, the Relative Strength Index on the AUDJPY chart is flashing signs of bearish divergence, and some growth is expected until it reaches the resistance lines. Once its price reaches these lines, a rejection could cause it to drop until it reaches its support level, which could spark a bounce.
Support Level: 74.822
Resistance Zone: 76.46 — 76.7
Day's Range: 76.026 — 76.54
Watch closely for our future updates to be the first one to get well-timed trading signals!
Best of luck with your future trades!
AUDJPY bounced from support, potential for a further rise!
AUDJPY bounced off 75.979 where it could potentially rise further to 76.544.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
AUDJPY potential reversal!
AUDJPY expected to rise up to 1st resistance at 75.974 where it could potentially react off and drop down to 1st support at 75.454.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.