AUDJPY → Struggles at Kijun-Sen aiming for 97.00FX:AUDJPY began the Asian session with minuscule losses of 0.08%, as Wall Street’s turned negative towards the end of Monday’s trading session, ahead of the release of the US CPI data. The pair is trading at 96.68 after hitting a weekly high of 96.85.
From a technical standpoint, the AUD/JPY is neutral biased, facing resistance at the Tenkan-Sen level at 96.81. A breach of that area can open the door to test 97.00, followed by the 2023 high of 97.63m before reaching the 98.00 mark.
On the other hand, failure to conquer the Tenkan-Sen could expose the pair to some selling pressure, with bears targeting Monday’s low of 96.18. Up next would be the psychological 96.00 figure, followed by the Kijun-Sen at 95.83, and the top of the Ichimoku Cloud (Kumo) at 95.00.
Audjpyshort
AUDJPY - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on AUDJPY.
Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for long. I want price to continue the retracement and then to reject from bullish order block + institutional big figure 95.000.
Fundamental news: This week on Friday will be released Unemployment Rate on AUD. If the result is negative, it will support our idea.
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Probable double top set-up in AUD/JPYHello traders, AUD/JPY is currently about to reach a resistance level
from where we had seen a rejection in the past. So, if there is
bearish price action in the resistance level that has been highlighted
in my chart, we can see a pullback in AUD/JPY.
Selling AUD/JPY@97.40-97.65 with SL above 98 and TP at 95 is
a probable sell trade
Navigating AUDJPY's Correction: What Lies Ahead?The AUDJPY currency pair has been in a bullish trend since late March, commencing at the level of 86.065. As of the current analysis, it seems that the pair is undergoing a corrective Wave 4, indicating a countertrend phase. This correction is composed of subwave A and subwave B within the larger context of Wave 4.
Presently, the pair appears to be in the process of forming Wave c of Wave 4, and my projection suggests that it is likely to decline in order to complete the Wave 4 correction. Two possible scenarios are: A pullback to 95.251 price zone and a trendline break at 94.321 to the downside. My anticipated price regions for the completion of this correction are identified at 92.038 and 90.46. Once this correction is completed, I expect the bullish trend to resume.
A breach of the price level at 96.969 to the upside would invalidate this wave count and the associated outlook.
Cheers!
AUDJPY Analysis and Trade Setups📊 **AUDJPY Analysis and Trade Setups** 📉
Hey traders! 👋 Let's take a closer look at AUDJPY and some potential trade opportunities. 🇦🇺🇯🇵
**Key Resistance Zones:**
1️⃣ 95.82 - 96.1
2️⃣ 96.7 - 97
**Sell Limit Orders:** 📉
1️⃣ **Sell Limit @ 95.82**
- SL: 96.82
- TP: 94.53
2️⃣ **Sell Limit @ 96**
- SL: 96.83
- TP: 94.53 - 93.582
3️⃣ **Sell Limit @ 96.8**
- SL: 97.8
- TP: 96 - 95.6, 95.6 - 94.53
Remember to always use proper risk management! 🛡️
📚 **Educational Tip:** Resistance zones can be strong indicators for potential reversals. It's important to monitor price action closely when approaching these levels. 📈💡
#Forex #TradingAnalysis #AUDJPY #TechnicalAnalysis #TradeSetups #RiskManagement #LearnToTrade #TradingTips
Remember, this is just an educational example and not financial advice. Always do your own research and consult with a financial advisor if needed. Happy trading! 🌟📊
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.
AUDJPY Short Term Sell IdeaH4 - Most recent uptrend line breakout.
Lower lows.
Expecting short term bearish moves to happen here.
H1 - Bearish trend pattern.
Currently it looks like a pullback is happening.
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
AudJpy- Where to sell for 1:3 R:R?Yesterday, like all the Jpy pairs, AudJpy was also affected by the verbal intervention from BoJ.
The pair dropped quickly 200 pips, but more importantly, it broke under important confluence support at 95.
This level is offering now a good resistance point and, with the pair in recovery at this moment, rallies should be sold.
In conclusion, prices close to 95 are good opportunities for bears and, considering a target at 92 next important support, a good 1:3 R:R could be achieved
AUDJPYThe Australian Dollar (AUD) against the Japanese Yen (JPY) is an exciting pair for its relation to risk. The pair is often among one of the most highly correlated pairs to price action in US equities on a short to medium term basis. The pair generally tends to rise in a low risk environment on carry flows while the opposite is true when we see a 'risk-off' approach in the markets.
audjpy sell signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
AUDJPY - Short active ✅Hello traders!
‼️ This is my perspective on AUDJPY.
Technical analysis: We have here perfect confirmation for a short position. Firstly price filled to the pip daily imbalance, then it changed the character and mitigated bearish order block.
Fundamental analysis: On Wednesday will be released yearly CPI on AUD, so pay attention in to the result in order to validate the analysis.
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Symmetrical Triangle continuationAUDJPYSymmetrical Triangle continuation Pattern in 1 Hour Chart AUDJPY, its show that might they Break out from this point to Upward Direction, showing bullish Trend. Entry Price & TP1 & TP2 Set Accordingly Stop Loss for Long: 93.939,
For Plan B Entry price is also set for Short Trade might this go from this Point to down ward so we set trade accordingly & Entry Price & Stop Loss for Short Trade is 94.326 also Defined with TP1 & TP2 as well.
Symmetrical Triangle continuation Pattern might take break out both side so we already make plan for the both side trades, once one side trade is active, so cancelled the other side, wait & watch
AUDJPYThe rebound was from a very important and stubborn point 95,000, reaching the highest point since the beginning of the trend, 93,000, and after all indicators were saturated, and here we are talking technically, we must go back to the same point 93,000, but with some reversals, including 94.6, which is an important resistance line, but we must enter from where it was determined. The entry point is the most secure
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