AUDJPY Breakout: Can the Rally Continue?AUDJPY Breakout: Can the Rally Continue?
Last week, AUDJPY broke out of a bullish triangle, signaling a potential upward move. The Japanese yen has been influenced by concerns over the country's economy, particularly the impact of tariffs, which may be affecting its strength.
So far, the breakout appears solid, increasing the chances for AUDJPY to rise further. The first resistance level is near 93.10, while the second key resistance is around 95.00. In both areas, the price could struggle to break through due to strong historical resistance from previous market structures on the left side of the chart.
You may find more details in the chart!
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JPYAUD trade ideas
If you are trading JPY, keep an eye on the Tokyo CPIs tomorrowTomorrow, the 25th of April, we are getting the Tokyo CPI figures, which are expected to come out on the higher side. That said, we are looking at the core YoY number, which has a relatively high forecast.
Let's dig in.
FX_IDC:AUDJPY
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14-04-2025 _ Short Term Bullish Idea _ AUDJPY H11- Double Bottom coupled with Divergence and followed by Convergence.
2- Correction happened in the form of Bullish Flag.
3- After correction strong Bullish Impulse.
4- AB = CD pattern anticipated.
5- Therefore, one can expect a push to the upside.
6- Look for BUY Entry after correction, not (when price action is) on the way down.
AUDJPY SELL Overall AUDJPY is currently in a Bearish trend. Price action on the 1hr chart just recently broken a Bullish trendline to the downside. On the lower time frame (3 minute) there was a bearish change of character and break of structure and price is currently below the 200ema. Market execution sell with SL at recent high.
AUDJPY Potential Swing Setup – Can You See What It's Building?AUDJPY has been forming a super clean structure on the daily chart lately
Price is now pulling back into a key breakout zone, and reacting strongly—
right at the golden observation zone where reversals tend to happen.✨
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AUDJPY: H4, H1 Forecasts, Technical Analysis & Trading IdeaTechnical analysis is on the chart!
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AUDJPY Breakout on Rising Yields – Path Open to 95.70AUDJPY is maintaining strong bullish structure after breaking through key resistance around 91.65. Price is forming higher lows supported by an ascending trendline, indicating healthy buyer momentum. Fibonacci retracement levels show price holding above the 50% and 61.8% zones, strengthening the bullish case.
🔑 Key Levels:
Current Price: 91.65
Support Zone: 90.85 – 91.00 (previous structure + fib support)
Resistance Targets:
TP1: 93.15 (previous swing high)
TP2: 95.70 (full recovery move from March highs)
✅ Bullish Confluence Factors:
Ascending triangle breakout in progress
Strong higher lows and clean market structure
Holding above major 61.8% Fib retracement
Australian dollar supported by improved risk sentiment globally
BOJ expected to stay dovish and delay hikes, keeping the yen weak
🧠 Fundamental Context:
Japan Outlook: BOJ to hold rates steady at 0.5% amid US tariff risks. IMF projects a downgrade in Japan’s growth, weakening JPY outlook.
Sentiment on JPY: No strong intervention support for yen despite media noise. Japan’s government denied any push for stronger yen.
Australia Outlook: Risk sentiment steady, equities firmer globally, and higher AUD correlations to risk-on tone favor upside continuation.
💡 Trade Idea:
Bias: Bullish above 91.00
Entry: On confirmation bounce above 91.60
Target 1: 93.15
Target 2: 95.70
Stop Loss: Below 90.50
📌 Note: Watch for possible mild pullback into 91.30-91.50 zone before new upside leg. Strong US data midweek could temporarily lift JPY but broader BOJ dovishness remains the driver.
AUDJPY bearish move| 🔹 Pair / TF | AUD/JPY, 4 h → Lower Timeframes |
| 🔹 Bias | Bearish (selling potential resistance) |
1. 📊 Key Levels
* Level: 93.317
* Role: Recent Swing High / Potential Resistance
* Level: 93.664
* Role: Higher Potential Resistance (aligned with a moving average)
* Level: ~92.317 (red shaded zone)
* Role: Broken Support – now potential resistance
* Level: ~91.109
* Role: Potential Support
* Level: ~90.011
* Role: Lower Potential Support
2. 🚨 Trigger
* Price is currently within the ~92.317 red shaded zone, which acted as minor support previously.
* There's a confluence with what appears to be a moving average (blue line) acting as dynamic resistance above this zone.
* **A rejection from this zone, confirmed by bearish price action on lower timeframes, would be the trigger.**
3. ✅ Confirmation
* Look for **bearish engulfing patterns or pin bars** forming on lower timeframes (e.g., 1h, 15m) within the ~92.317 zone.
* The Relative Strength Index (RSI) on the lower timeframe chart (shown at the bottom) is currently trending downwards and has broken a minor upward trendline (red line drawn on the RSI). **A continued downward trajectory below the 50 level would add confirmation.**
* **No significant bullish divergence visible on the RSI** that would suggest a reversal.
4. 🎯 Entry & Stops
| 🔶 Entry Zone | ~92.317 – ~92.200 (within the broken support now resistance zone) |
| 🔴 Stop-Loss | Above the recent swing high at 93.317 (potentially around 93.400 - 93.500 to allow for some wiggle room) |
* Place a **Sell Limit or Sell Stop order** within the entry zone, depending on your preferred entry style and confirmation.
* **Risk:** Determine your position size based on your risk tolerance and the calculated stop-loss in pips.
5. 🎯 Profit Targets
| Target | Level | Pips (approximate) | RRR |
| :----- | :-------- | :----------------- | :--------- |
| T1 | S1 ~91.109 | ~120-130 | 1 : 1 or better |
| T2 | S2 ~90.011 | ~220-230 | 1 : 2 or better |
* **Scale out:**
* Consider taking partial profits at T1.
* Let the remaining position run towards T2, potentially adjusting your stop-loss to breakeven or in profit.
6. ⚙️ Trade Management
* Once the trade is in profit (e.g., reaching a certain pip gain or T1), **consider moving your stop-loss to breakeven** to protect your capital.
* **Monitor price action around S1.** If there are strong signs of buying pressure, consider closing the remaining position.
* Pay attention to any potential reversal patterns or significant volume spikes as price approaches your target levels.
7. 🔑 Rationale
* The **break of the previous minor support around ~92.317 suggests a potential shift in momentum from bullish to bearish.**
* The **confluence of this broken support with a dynamic moving average resistance increases the probability of a rejection.**
* The **bearish momentum indicated by the RSI on the lower timeframe supports the short bias.**
* Aiming for the next support levels (S1 and S2) provides logical profit targets based on potential price action.
⚡ Highlight:
This is a **bank-order-flow style fade**, looking to sell at a level that previously acted as support, now likely to act as resistance after a break, with confluence from a moving average. The lower timeframe RSI breakdown adds to the bearish conviction.
AUDJPY INTRADAY important resistance retest at 91.85The AUDJPY currency pair remains in a bearish trend, with the recent price action showing signs of an oversold bounce. While a temporary rebound is in play, the broader sentiment remains weak unless a decisive breakout occurs.
Key Levels to Watch:
Resistance Levels: 91.85 (critical level), 92.84, 93.62
Support Levels: 87.87, 86.60, 85.70
Bearish Scenario:
A rejection from the 91.85 resistance level could reaffirm the downside bias, leading to a continuation of the bearish move toward 87.87, with extended declines targeting 86.60 and 85.70 over the longer timeframe.
Bullish Scenario:
A breakout above 91.85 with a daily close above this level would challenge the bearish sentiment, opening the door for further gains toward 92.84, followed by 93.60.
Conclusion:
The market sentiment remains bearish, with 91.85 acting as a critical resistance zone. A rejection from this level could reinforce the downtrend, while a confirmed breakout would shift the outlook to bullish, favouring further upside. Traders should closely monitor price action at this key level for confirmation.
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AUD/JPY BEARS ARE GAINING STRENGTH|SHORT
AUD/JPY SIGNAL
Trade Direction: short
Entry Level: 90.909
Target Level: 88.668
Stop Loss: 92.394
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 8h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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AUDJPY – Buy Limit Setup (Intraday)Published: 23/04/2025 10:09
Expires: 24/04/2025 06:00
Trade Summary
Type: Buy Limit
Entry: 90.25
Target: 92.25
Stop Loss: 89.25
Risk/Reward Ratio: 1:2
Duration: Intraday
📊 Technical View
Recent price action shows sideways congestion, indicating indecision.
RSI has turned positive, hinting at emerging bullish momentum.
A break above 91.00 would confirm a bullish breakout.
The measured move target sits at 92.50, aligning closely with our trade target.
A Buy Limit at 90.25 offers improved risk/reward versus chasing the market at current levels.
🔍 Key Technical Levels
Resistance: 91.00 / 92.00 / 92.50
Support: 90.50 / 90.25 / 89.50
📅 Next Volatile Events
No major economic events in the next 24 hours.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
AUDJPY Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring AUDJPY for a selling opportunity around 91.800 zone, AUDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 91.800 support and resistance area.
Trade safe, Joe.