AUDJPY Daily: downward continuationDue the last results from China and the Australian economy not doing well it seems we probably see the JPY continuing its bearish move heading to re-test the Daily Support. On the other hand the JPY got a boost after the Labor Cash Earning showed 3.6% growth and they said the Japanese economy is in recovering mode. On Friday we have the NFP what can, maybe, change this picture but until then the AUDJPY should remain bearish.
On the technical side, the RSI seems to be heading to the 30 level and price had a strong break on the 98.914 previous Support level and closed yesterday showing the bears full control.
AUDJPY trade ideas
AUDJPY - In Bearish TrendAUDJPY is in bearish trend in daily and hourly time frame and has broken a very important Support level which I have extended back on the basis of Daily time frame. This support level has acted as SR Flip level on many occasions. There is no divergence being observed on daily or 4H time frame. I have taken entry instantly at 4H time frame. The currency index of JXP is bullish and of AXY is bearish which is also giving a signal for SHORT.
The Signal is:
EP: CMP (Followers can plan your entry by Fib retracement @ 0.382, please do your analysis as well)
SL: 97.782
TP: 95.198
AUDJPY Trading Opportunity! BUY!
My dear subscribers,
This is my opinion on the AUDJPY next move:
The instrument tests an important psychological level 97.397
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 98.106
My Stop Loss - 96.942
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
Unlocking Profits: 57.47% Probability of AUDJPY Hitting TPAUDJPY Bullish Outlook:
Riding the Wave of Economic Shifts
The Australian Dollar to Japanese Yen (AUDJPY) pair is showing promising signs for bullish momentum. Several key fundamentals are aligning to support this outlook:
Global Economic Recovery
As the world continues to rebound from recent economic challenges, risk-on sentiment is growing. This typically favors the Australian Dollar, known for its correlation with global growth and commodity prices.
Interest Rate Differentials
The Reserve Bank of Australia (RBA) has been maintaining a more hawkish stance compared to the Bank of Japan (BOJ). This interest rate differential makes the AUD more attractive to yield-seeking investors.
Commodity Demand
Australia's resource-driven economy is benefiting from increased global demand for commodities, particularly from China's economic resurgence.
To capitalize on this bullish bias, I'll be employing a probability-based approach to enter long positions. By carefully analyzing market structures and key levels, I've identified entry points that offer favorable risk-reward ratios.
My analysis suggests a 57.47% probability of reaching the take-profit level on 1H timeframe.
As always, stay tuned for updates as I monitor this AUDJPY trade idea and adjust my strategy based on evolving market conditions.
12M:
2W:
1H:
Long buddy!!!Higher high trend, we got a deep pullback and all three of my confluences have been met.
1. Pullback
2. Divergence
3. 1hr Timeframe price action/entry
100.00 is my maximum profit area. Once a new High is created, I will wait for another pullback and look for another long entry
What are your targets for this week?
Trade safely my friends
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Stop Loss : Recent Swing Low using 1h timeframe
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AUD/JPY Was Fake Breakout And Hit My Sl -30 Pips !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
AUDJPY - Swing Short IdeaIn Monday (start of the new week) price swept previous week high liquidity (orange line) and show willingness to go lower by breaking the 4H structure.
So the following week I would expect to see price trades lower, potentially even to opposing liquidity pool like previous week low (orange line)
Thanks you and have a nice trading week! LFG!
Bearish reversal?AUD/JPY is falling towards the support level which is a pullback support that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 98.77
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.
Stop loss: 96.85
Why we like it:
There is an overlap support.
Take profit: 101.59
Why we like it:
There is a pullback resistance level that is slightly below the 61.8% Fibonacci retracement.
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