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Australian Dollar / Japanese Yen

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AUDJPY trade ideas

Is JPY done?I don't think so... The xxxJPY pairs recovered after a steep decline. I don't believe the rise in JPY strength is over yet. To support this belief, I opened a sell position just as the pair reached extreme levels in the supply zone. This decision is grounded in the belief that the recent uptick might be short-lived and that downward momentum could resume. The hedge order placed above is a risk measure in case the pair does not behave as expected. Basically all xxxJPY pairs look similar to me. AUDJPY was chosen for it lowest negative swap fee.
Short
by vitowodenik
AUDJPY at resistance The AUDJPY hit major resistance and rejected it today. The high today was 97.84, and the 38% retracement of the move lower since the July high to August lows is at 97.55. Also, the underside of the broken trend line (from 2020) was hit today as well. While below the 98.00 level the risk is for a move back towards the low 90's and possibly retest the lows near 90.12. The Yen has been in focus the last several weeks by not only currency traders, but the whole world is focused on the major "unwind" of the popular carry trade the last couple weeks.
Short
by ForexAnalytixPipczar
2
AUDJPY Is Bearish! Short! Here is our detailed technical review for AUDJPY. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 96.359. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 95.678 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1