Bearish reversal?AUD/JPY is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 101.56
Why we like it:
There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 102.37
Why we like it:
There is a pullback resistance level.
Take profit: 100.11
Why we like it:
There is a pullback support level.
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AUDJPY trade ideas
AUDJPY at Key Pivot: Potential for Support and UpsideHello,
AUDJPY has shown some upward movement and is currently at the 1M/1W pivot point. There’s a possibility of further support tests beyond this key level. However, if sufficient support is found, especially around the 1M pivot, we could see another push to the upside. Trade cautiously.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
Lingrid | AUDJPY short from RESISTANCE zone at 101.000 The price made a false breakout of the resistance zone at 102.00, leading to a bearish impulse move. Following this, $FX: AUDJPY declined sharply after testing the upper boundary of the upward channel, where it rebounded. I believe that it will continue to move downward and test the support level, especially considering the long-tailed bar formed on the weekly timeframe, which suggests a potential shift towards lower levels. Moreover, the overall trend is rather sideways, with the price having made a false breakout at the top of the range. Therefore, I anticipate a pullback towards the resistance zone, followed by a bearish move. My goal is the support zone around 96.170
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
AUDJPY My Opinion! SELL!
My dear friends,
Please, find my technical outlook for AUDJPY below:
The instrument tests an important psychological level 102.22
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 101.15
Recommended Stop Loss - 102.92
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
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
AUD/JPY Targets 103.500 on RBA's Confidence and Yen Weakness
The AUD/JPY pair is gaining momentum, supported by the RBA's decision to maintain the cash rate at 4.35%, reflecting confidence in economic stability. Inflation has eased to 2.8%, reducing the risk of further rate hikes and boosting sentiment for the Australian dollar. With Japan's yen remaining weak due to the Bank of Japan's loose policy, AUD/JPY is set to push towards 103.500.
AUD/JPY 2-Hour Forecast: Buy Setup📈 **AUD/JPY 2-Hour Forecast: Buy Setup** 🔹
AUD/JPY is currently at **102.898**, and we’re watching for a potential buy move from key levels at **99.967** or **101.573**, aiming back up toward **102.898**.
🔍 **Key Levels to Watch:**
- **Support Zones:** 99.967, 101.573
- **Current Price:** 102.898
- **Potential Resistance:** 102.903
💡 **Trading Insight:** If the price touches these key support levels, we’ll be looking for bullish momentum for a buy setup back up to **102.898** and beyond.
👉 What’s your take on AUD/JPY? Let’s discuss!
#AUDJPY #BuyForecast #ForexTrading #2HrChart #Pipnest
AUDJPY: Dominated by Bullish VolumeAUDJPY: Dominated by Bullish Volume
AUDJPY has been moving in a corrective pattern for about 1.5 months, dominated by bullish volume.
However, this bullish momentum is not solely due to AUD strength but is more related to JPY weakness.
The upcoming RBA rate decision tomorrow may further support this bullish movement.
T echnical Analysis:
Looking at the left side of the chart, the price created two ABC moves.The "C" wave may begin from the zone where the old patterns are visible.
Currently, AUDJPY is positioned for the "C" wave.
The first target is near 100.90, with the second target near the top of the pattern at 101.40
You may find more details in the chart!
Thank you and Good Luck!
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AUDJPY a trade of 500 Pips???The AUD/JPY has recovered from 5 August dip thus far, gaining more than 10% over the past month. The push to a new near-term higher high seems to suggest that the bulls remain in near-term control, as the daily RSI eye for a move back above its mid-line. However on H1 and H4 AUDJPY trend analysis has been on the downside which give us a sell opportunity.
Recent events reveals Selling this pair will be suitable so Selling upon every rise is advised with the stop level of 102.20..GOOD LUCK followers
AUDJPY: Bearish Continuation
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the AUDJPY pair price action which suggests a high likelihood of a coming move down.
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Sell AUD/JPY Bearish ChannelThe AUD/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 100.25, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 99.48
2nd Support – 99.11
Stop-Loss: To manage risk, place a stop-loss order above 100.75. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
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Best Regards, KABHI FOREX TRADING
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