AUDJPY GOING DOWNWe almost had the first part (you can take a look at the blue arrow on the 3rd of January), and it indeed reached the exact price we wanted it to (red dotted line)
However it has come back up since then, which shows that there's still a high buying volume for this asset.
But at some point, it is to come down and break the first red to reach the second lower red.
We made two possibilities for you to get the scheme.
AUDJPY trade ideas
AUDJPY is Holding After Channel BreakoutHello Traders
In This Chart AUDJPY HOURLY Forex Forecast By FOREX PLANET
today AUDJPY analysis 👆
🟢This Chart includes_ (AUDJPY market update)
🟢What is The Next Opportunity on AUDJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
AUD/JPY - Overbought levels short term sellHi guys we are looking into the AUD/JPY with a potential sell on the 1H time frame it reached very high levels of Overbought on RSI indicator, so we are following with a correction
Entry: 97.684
Target: 96.900
As always my friends happy trading!
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AUD/JPY BULLS ARE STRONG HERE|LONG
Hello, Friends!
AUD/JPY pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 9H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 97.590 area.
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AUDJPY Weekly Analysis: Potential Rebound at Major TrendlineOn the AUDJPY weekly chart, there is an interesting rebound potential around the main trendline. Previously, the price has bounced off this area several times, as indicated by green arrows. This pattern suggests that the trendline remains a strong support level.
Currently, the price is approaching this trendline area, offering a buying opportunity with measured risk. If another rebound occurs, the main target is at the psychological level of 110, which also serves as a potential resistance. If the price fails to stay above the trendline, a stop loss is placed at 93.6 to limit losses and manage risk effectively.
This analysis supports a swing trading strategy, considering the weekly timeframe, which shows a long-term upward trend. The consistent price movements around the trendline strengthen the validity of this analysis.
Disclaimer:
This analysis is part of a trading plan and does not constitute trading advice. Technical analysis is probabilistic and does not guarantee profitability. Always implement good risk management in every trading decision.
Heading into overlap resistance?AUD/JPY is rising towards the pivot which acts as an overlap resistance and could reverse to the 1st support.
Pivot: 98.14
1st support: 96.93
1st Resistance: 99.02
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Heading into 61.8% Fibonacci resistance?AUD/JJPY is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 98.15
Why we like it:
There is an overlap resistance that lines up with the 61.8% Fibonacci retracement.
Stop loss: 98.70
Why we like it:
There is a pullback resistance level that is slightly above the 78.6% Fibonacci retracement.
Take profit: 96.91
Why we like it:
There is a pullback support level.
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Could we see some weakness in AUDJPY in the near term?Both currencies are currently on the weaker side against their major counterparts. Despite the RBA holding off from cutting, nor hiking rates, the AUD struggled to find strong grounds. Similarly for JPY, where the currency has been hit because of no significant action taken by the BoJ, it has been tough for the yen to find strength. Also, strong global stock market activity made safe-haven yen less attractive.
Given that MARKETSCOM:AUDJPY is seen as somewhat of a risk-on/risk-off monitor, we can see that the pair has been in “limbo” from around the end of August. From around the beginning of December, the pair started moving slightly upwards within a short-term rising channel formation. If we purely look at that structure, then we also examine the prevailing trend, which has been to the downside, meaning there is a greater chance for FX_IDC:AUDJPY to exit the channel through the lower side of it. However, until we see that exit, we can not assume the breakout will be lower.
At the time of writing, looking at our EMAs on our daily chart, we can see that the price action is below all of them, indicating possible weakness to come. The MACD is showing some weakness in the upside momentum, and the RSI remains below 50. These are technical indications of potential downside in the near term.
Nevertheless, we would prefer to wait for a clearance of the lower side of the aforementioned channel, before considering any downside movement.
For us to shift our attention to some higher areas, a break of the upper side of that rising channel may indicate bullish activity. If that happens, the rate would also be placed above all our EMAs, possibly attracting more bulls into the field.
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AUDJPY Upside Expected Towards 1Y PivotHello,
OANDA:AUDJPY is likely to continue its upward movement toward the 1-year pivot point (1Y PP) in the near future. As long as the price stays above the 1-month pivot point (1M PP), further gains can be anticipated.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
audjpy buy signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
AUD/JPY long: Aussie kicks like a kangaroo-unexpectedlyHello traders
Best wishes for a prosperous and low stress 2025.
I purposely waited for the recent USD NFP print to enter into any meaningful trade. The USD/JPY reaction is what I was looking for. It is turning up and this rising tide has lifted all the major JPY cross boats.
I have initiated a long AUD/JPY position at 96.962.
FUNDAMENTAL REASONS:
BoJ Governor Ueda has left the door open to a rate hike on the Jan 24th BUT left an escape route by referencing the need to evaluate data. FOMC Chair Powell has taught him well :)
Keep an eye on Deputy Governor Himino's speech and especially press conference on 1/14/2025.
The RBA statement in December unexpectedly took on a dovish tone which expedited the expected but not confirmed rate cut from March to February 2025.
ECONOMIC calendar JPY:
1/23/25 National Core CPI
1/23-24/2025 BoJ rate decision
ECONOMIC calendar AUD:
1/15/2025 Employment change. And this is the "kicker". Australian employment change expectations in general can be significantly off mark. If it comes in strong, the RBA may reconsider the need to cut rates. Same for CPI and PPI.
1/28/2025: CPI
1/30/2025: PPI
2/18/2025: RBA Rate decision
TECHNICAL analysis:
AUD/JPY shows three consecutive higher weekly closes. And closed on the 100 week MA
the 4 hour chart shows the retest of the weekly 96.82 breakout level higher.
INDICATORS: RSI, UO and ADX are all turning up.
The pair is also in an ascending channel.
My favorite part of this trade is that the downside should not be a significant hit if the stop is just below 96.82.
However, do you own research. As always, I invite feedback.
Best of luck.
Is the bear market bounce in the AUDJPY over? 16 Risk Reward!Hello!
Here is my fundamental case to be short AUDJPY
1) Strengthening economy in Japan
- Is Japan finally out of its 30 year lul?
2) Weakening Economy in Australia
- Are interest rates finally starting to effect the economy?
3) Extreme household debt in Australia due to the extreme property hype cycle (People say its because of immigration, I think this is just a narrative... I remember when Hong Kong 'didn't have enough space') Australia hast had its 2008 moment yet,
4) Debt is on govt balance sheet in Japan already... Australia will probably join the govt debt club once they have their property cycle FINITO.
Here is my technical case to be short AUDJPY
1) We have rallied to the 61% Fibonacci of the first impulse down.
2) The 'False breakout' at 102ish gives us a good level to know we are wrong. This helps to provide a RIDICULOUS risk reward of 16:1.
Thanks
Kavi
Trading Plan: AUD/JPY Monthly Sell Opportunity
### **Trading Plan: AUD/JPY Monthly Sell Opportunity**
#### **1. Market Analysis**
- **Timeframe:** Monthly
- **Trend Direction:** Analyze the previous 12-24 months' candles to determine the dominant trend.
- **Key Levels:**
- Last Month's High (LMH)
- Last Month's Low (LML)
#### **2. Identify Key Levels and Defense Zone**
- **Last Month’s High:** Mark the high of the previous monthly candle on the chart.
- **Fibonacci Vibration Grid (FVG):**
- Use the Fibonacci retracement tool from the recent swing low to swing high or vice versa to plot the FVG levels.
- Look for overlapping FVG zones above the last month’s high.
- **Defense Zone:**
- This is a resistance area formed by overlapping FVG levels and key price action zones.
- Ensure the defense zone aligns with institutional order blocks or liquidity voids.
#### **3. Entry Conditions**
- **Sell Trigger:**
- Price must enter the area above last month’s high and into the identified defense zone.
- Confirmation via bearish price action patterns (e.g., bearish engulfing, pin bar, or inside bar formations).
- Look for rejection or significant wick formations in the defense zone.
#### **4. Risk Management**
- **Stop Loss (SL):**
- Place the SL slightly above the defense zone or the nearest swing high.
- **Take Profit (TP):**
- Set TP levels using:
- Last Month’s Low (LML) as the primary target.
- Extend TP to key support zones below LML if momentum supports further downside.
- **Risk-to-Reward Ratio (RRR):**
- Maintain a minimum RRR of 1:3.
#### **5. Additional Confluences**
- **Last Line of Defense (LLD):**
- Identify the LLD as the highest resistance point above the LMH where price may reverse.
- Ensure it coincides with the FVG overlap and an institutional order block.
- **Volume Analysis:**
- Use the Volume Profile or On-Balance Volume (OBV) to assess institutional activity in the sell zone.
- **Indicators (Optional):**
- RSI divergence: Look for bearish divergence when price approaches the defense zone.
- Moving Averages: Check for alignment with the bearish trend.
#### **6. Execution Plan**
- Wait for price to approach and react within the defense zone.
- Observe confirmation on lower timeframes (e.g., daily or 4H) for better precision in entries.
- Scale into the position if the market provides multiple rejection points within the zone.
#### **7. Monitoring and Adjustments**
- Reassess the trade if price closes above the defense zone on the monthly timeframe.
- Trail the stop loss using key resistance levels or moving averages if the trade moves significantly in your favor.
?
AUDJPY - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D and 1W key liquidity level and left untouched level lower, this indicates on probable distribution Wyckoff range.
But to take more statistically probable trades we should wait for some type of lower timeframe confirmation, and in this case we can notice sign of weakness (reaching the middle of the range), so potentially there is a higher probability to see price lower.
Your success is determined solely by your ability to consistently follow the same principles.