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JAPANESE YEN / AUSTRALIAN DOLLAR

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JPYAUD trade ideas

AUDJPY - LONG!Potential set up forming here! AUDJPY AUDJPY has been in a bullish movement for a few weeks now. As this move is begging to slow in momentum, we can see a continuation pattern forming; Ascending Triangle. Its important to note that these patterns are no guarantee in where price will move, but we can have a look at some factors which may suggest a bullish move soon. What to Look Out for: - Ensure all moving averages align with the current uptrend - Indicator suggesting bullish movement (MACD) - Looking for a 'straight line' resistance, and a support line where price is increasing (highlighted on the chart) - A strong break out of the resistance zone (marked as 108.58); This is very important as we often see 'fake outs' occur here.
Long
by francesgurton
AUDJPYIn my opinion, the AUD/JPY currency pair is poised to decline in the coming days, continuing until it reaches the marked support level. Several factors contribute to this outlook, including recent economic data, market sentiment, and technical indicators. The Australian dollar may face pressure due to potential dovish signals from the Reserve Bank of Australia, while the Japanese yen could gain strength as a safe-haven asset amid global uncertainties. As a result, I believe that the AUD/JPY pair is likely to move downward in the near term, heading towards the specified support zone.
Short
by CryptoBullTrades
AUDJPYThis market has reached an extreme high not seen since '07. A quick view of this on the Monthly show price eventually dropped 5000 pips. There is a bearish harami pattern forming on the weekly, on the daily a massive bearish engulfing candle has printed.RSI showing divergence on 4hr. There is noticable daily and 4hr imbalance, that i would like to see filled and show a reaction before going short. This would be a counter trend because are still bullish but this could be a good opportunity for big win.
Short
by Red5FX
GOLD and impact of cpi newsXAUUSD has hit all our bullish targets. In our last analysis we have explained that if 2370 is not hit then the xauusd will fly to 2385 2393 2404 2421. bullish targets hit 2385✅✅✅ 2393✅✅✅ 2404✅✅✅ 2421✅✅✅ why xauusd fly high with cpi news? For the last three months the cpi is less than the expected value and fall in consumer price is an indication of finance department for cutting interest rates for stimulating borrowing investing and to boost purchase to strengthen economy. so now speculations for interest rate cut has increased and due to that reason as a safe haven gold price gone up for more detailed analysis and views follow us boost us
by realmillionairefx
AUDJPY: Give me reasons to leave the rocket!Hello Traders, AUD/JPY has been on a remarkable bullish run, riding the trend within an ascending channel on the daily chart. The price is now approaching the upper boundary of the channel, and while the bulls are in control, we need to watch for signs of exhaustion. Resistance at 110.00 Support at 108.50 (trendline) Next major support at 105.00 (midline of the channel) Keep an eye on how the price reacts at these critical levels. A breakout above 110.00 could lead to new highs, while a failure could mean a potential pullback or consolidation.
Long
by AliSignals
AUD/JPY Trading Signal: Buy OpportunityDirection: Buy Enter Price: 108.742 Take Profit: 108.92066667 Stop Loss: 108.39366667 We have identified a promising buying opportunity for the AUD/JPY currency pair based on current technical analysis and our sophisticated EASY Quantum Ai strategy. Rationale: 1. Support Level Identified: Recent trading patterns suggest a strong support level around the 108.742 mark, indicating a low-risk entry point for a buy position. 2. Upward Momentum: Technical indicators signal upward momentum, with an expected price rise towards the Take Profit level at 108.92066667. 3. Risk Management: Setting a Stop Loss at 108.39366667 helps manage risks by limiting potential downside in case the market moves against the predicted direction. 4. Market Conditions: Positive economic data and favorable geopolitical conditions support the strengthening of the AUD against the JPY, further reinforcing our buy signal. This signal has been generated with the assistance of our proprietary EASY Quantum Ai strategy, which incorporates various market data and advanced algorithms to provide accurate and timely trading signals. Please ensure to perform your own due diligence and consider your risk tolerance before entering the trade. Happy trading!
Long
by ForexRobotEasy
AUDJPY - BUYTrend is up Aussey has been strong all week Points for Strength The AUD/JPY has been strong this week due to several key factors: 1. Rising Commodity Prices - Increases in iron ore and coal prices have boosted the AUD. 2. Interest Rate Differentials - Australia's higher interest rates compared to Japan make the AUD more attractive. 3. Positive Risk Sentiment - Favorable global market conditions have driven investors towards higher-yielding currencies like the AUD. 4. Strong Australian Economic Data - Higher-than-expected inflation and other positive economic indicators have strengthened the AUD. 5. Central Bank Policies - Speculation on future rate cuts by other central banks, while Australia's rates remain stable, supports the AUD. 6. Technical Indicators - The AUD/JPY has been trading at 90-day highs, with bullish technical patterns. 7. Global Market Influence - Strong performance in global markets, particularly US equities, has positively impacted the AUD. These factors collectively contribute to the recent strength of the AUD/JPY pair.
by NZ_Shareman
AUD/JPY Flirting with Record Highs; Eyeing Higher LevelsThe Australian dollar (AUD) is on a tear versus the Japanese yen (JPY) and displays little sign of slowing, with the AUD/JPY currency pair recently refreshing all-time highs of ¥108.60 after rupturing the ¥107.86 peak formed in 2007. All-Time Highs and H4 Ascending Triangle Regarding current price action, ¥107.86 will likely be viewed as a potential support level. Moving across to the H4 timeframe, you will note that after the pairing ventured north of ¥108.00, buyers and sellers have been busy carving out a potential ascending triangle, drawn from ¥108.58 and ¥108.03. In strong trending environments such as what we’re in now on the AUD/JPY, the ascending triangle formation is considered a continuation pattern. This means that a breakout to the upside is potentially on the cards, particularly as price is nearing the apex of the ascending triangle. A breakout to the upside is usually traded in one of two ways: either enter long on a H4 close above the ascending triangle and take aim at the ¥109 region as an initial take-profit objective, or wait and see if price action retests the breached boundary as a support and enter based on that level holding, again targeting ¥109 as an initial upside objective.
Long
by FPMarkets
AUD/JPY Eyes 1991 High After Clearing 2007 HighAUD/JPY may attempt to test the 1991 high (109.70) as it pushes above the opening range for July. AUD/JPY Rate Outlook AUD/JPY continues to register fresh yearly highs after clearing the 2007 high (107.82), with the ongoing rally in the exchange rate keeping Relative Strength Index (RSI) in overbought territory. AUD/JPY may continue to appreciate as the RSI holds above 70, with a breach above the 1991 high (109.70) opening up the 110.10 (61.8% Fibonacci extension) to 110.60 (161.8% Fibonacci extension) region. However, the RSI may show the bullish momentum abating should it struggle to hold above 70, and failure to hold above the 2007 high (107.82) may push AUD/JPY back towards the 105.43 (2013 high) to 105.50 (50% Fibonacci extension) area. --- Written by David Song, Strategist at FOREX.com
by FOREXcom