AUDJPYrising wedge was made and bearish divergence was formed. Short the pair on 1H and finding Sell setup on smaller TF
JPYAUD trade ideas
AUDJPY LONGAUDJPY Long trend continuation
Support zone
8EMA retest
I aim for 1:3RR
BE set after passing 1:1.5RR
Heading into overlap resistance?AUD/JPY is rising towards the pivot which has been identified as an overlap resistance and could drop to the 1st support.
Pivot: 98.85
1st Support: 97.02
1st Resistance: 99.88
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
AUDJPY Analysis - BuyAUDJPY Analysis Overview
1. Seasonality:
AUD: Bearish until midweek — Seasonal weakness in AUD early in the week aligns with a short-term bearish sentiment.
JPY: Bullish — JPY strength throughout the week supports its safe-haven appeal.
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2. COT Report (Commitment of Traders):
AUD:
4-week flip indicates a Sell bias.
Non-commercial short positions are increasing, signaling bearish sentiment for AUD.
JPY:
4-week flip indicates a Buy bias.
Non-commercial long positions are increasing, reinforcing bullish sentiment for JPY.
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3. Fundamental Analysis:
LEI (Leading Economic Indicator):
AUD:Decreasing — Suggests deteriorating economic momentum, adding to bearish pressure.
JPY: Range — Neutral economic conditions but still supportive due to JPY's safe-haven status.
Endogenous Factors:
AUD: Mix to Decreasing — Weak internal factors limit AUD’s strength.
JPY: Increasing — Improving domestic conditions support JPY buying.
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4. Exogenous Factors:
GBPJPY: Strong Sell — Broader risk-off sentiment in the market favors safe-haven currencies like JPY over risk-sensitive ones like AUD.
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5. Technical Analysis:
On the 1-hour chart:
A Cup and Handle pattern and an ABCD pattern are forming, indicating bullish potential.
After point C, the price is making Higher Highs (HH) and Higher Lows (HL), suggesting a bullish continuation.
These bullish patterns present a good Buy Opportunity, especially as the price confirms its breakout above the handle.
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Bias: Buy
Despite AUD's seasonal weakness early in the week, the technical setup on the 1-hour chart favors a bullish bias for AUDJPY. JPY's strength provides additional support for safe-haven flows, but the technical patterns indicate that AUDJPY has room to rally in the short term. Consider entering long positions upon confirmation of the breakout above the handle.
Bullish breakout?AUD/JPY has broken out of the resistance level which is an overlap resistance and could potentially rise from this level to our take profit.
Entry: 98.06
Why we like it:
There is an overlap resistance level.
Stop loss: 97.03
Why we like it:
There is an overlap support level.
Take profit: 99.45
Why we like it:
There is a pullback resistance level that is slightly above the 61.8% Fibonacci retracement.
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AUDJPY - Growing SHORTS! Big Move Ahead!In one of our last AUDJPY analysis, we indicated that price looked foppish. Since then, we've had almost a 2000pip drop!
That big drop can be marked as wave 1 in our new bearish impulsive trend.
We are now in Wave 2, which is an ABC correction. We have completed Wave A (3 waves). We are now in Wave B (3 waves). We're currently in subwave b of wave B. Expecting subwave c to appear very soon.
Trade Idea:
- Watch for bearish price action on lower timeframe
- You can use trendline break, fibs or BOS to find the reversal point
- When entered, put stops above subwave B.
- Target: 91 (750pips)
4Week Chart
Goodluck and as always, trade safe!
See our previous setups below:
16-12-2024 - AUDJPY Short16/12/2024 - AUDJPY - Short Trade Plan
Trade Details:
Entry: 98.454
Stop Loss: 98.789
Take Profit 1: 98.110
Final Target: 97.117
Reason for Trade:
Price is rejecting a strong supply zone and trendline resistance.
Potential bearish reversal setup is forming after a retest of the resistance zone.
RSI shows a potential bearish divergence, further supporting the short bias.
Disclaimer : This trade plan is for educational purposes only and not financial advice. Always perform your own analysis and risk management before executing any trades.
AUDJPY: Bearish Continuation is Expected! Here is Why:
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the AUDJPY pair which is likely to be pushed down by the bears so we will sell!
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AUD/JPY Analysis (1-Hour Timeframe)We are currently observing the formation of a Cup and Handle pattern, which is still in progress. The key levels to monitor:
Handle Resistance: First, we need a breakout of the handle pattern to confirm the bullish setup.
Pink Resistance Zone: If the price breaks out of this key level, it will confirm the full Cup and Handle pattern, signaling a strong bullish move.
Target Projection:
Based on the Cup and Handle formation, the Green Zone represents the projected target for this setup.
This is a pattern to watch closely for confirmation and breakout strength. Patience is key to avoid premature entries.
AJ: Bullish CHoCH, Time To BuyWaiting to BUY...
- Bullish Choch
- BOS
- Bullish FVG filled
- Created HL
- Formed new HH
Price is currently at the 1st POI so it's possible price could go up from this zone. I would like to see a retracement to the discount fib zone 96.772 - 96.421. If we get some bullish price action in or around this area, we will buy. Let's set some price alerts and wait for more confirmation.
AUDJPY Further Gains ExpectedHello,
OANDA:AUDJPY has continued its upward momentum, and further gains are expected in the near future. A break and close above the monthly pivot point (1M PP) would signal a major upward move. Before this can occur, the price needs to overcome the 1-day strong resistance level at 97.817 to confirm short-term upside.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
AUDJPY Will Move Lower! Sell!
Please, check our technical outlook for AUDJPY.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 97.822.
Taking into consideration the structure & trend analysis, I believe that the market will reach 97.277 level soon.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
AUDJPY BUY OPPORTUNITYOANDA:AUDJPY
audjpy broke the downtrend and probably start a new trend.got market stracture to the upside in 4H TF.possible buy opportunity.
Why we don't trust this bounce on AUD/JPYMy short AUD/JPY bias sprang into action quicker than I expected two weeks ago. While support has since been found, it looks like it wants to retrace against that initial drop. Yet I have my eyes on the bigger (and more bearish) prize, and when comparing this cross to other yen pairs, I suspect another leg lower could be due when the current bounce fizzles out as anticipated.
MS
AUDJPY BULLISHAUD/JPY appears poised for a bullish breakout, supported by key technical indicators and chart structures. Price action has reclaimed a significant liquidity zone, indicating strong buyer interest and the absorption of supply. A confluence of dynamic support from an ascending trendline and the 50-day EMA further reinforces the bullish setup.
On higher timeframes, a recent liquidity sweep at a key low has been followed by a strong rebound, signaling that sellers may be trapped and the market could pivot higher. A break above the recent market structure high could trigger stop orders, driving momentum toward the next major liquidity cluster. Increasing volume and momentum will be key to confirming this potential upward move.
+ testing inferior KL, aiming for higher ones
AUD firing today. My trade of the day. Hold longer term AUDJPY
Yes, it is all Aussie dollars lighting up today, Thursday.
I also bought this one not long ago. I will take it longer term I think, especially if this bullish momentum continues from the very oversold lows.
AUDJPY Long Trade SetupAUDJPY sweep the previous low at 95.90 and subsequently broke structure at the previous high of 97.05. A long trade is favorable with a buy limit order within the 96.25 area against the 95.50 invalidation level.
AUD-JPY Short From Resistance! Sell!
Hello,Traders!
AUD-JPY keeps going up
But the pair will soon hit
A horizontal resistance
Of 98.300 so after the
Retest we will be expecting
A local bearish correction
Sell!
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Check out other forecasts below too!
AUDJPY 2H LongThis AUD/JPY 2H chart shows a bullish reversal confirmed by a Kumo breakout and a Tenkan-Sen/Kijun-Sen crossover, supported by a bullish Chikou Span. Entry is set at 97.305, with a stop at 96.655 and take profit at 98.713, offering a 1:2 RRR. Closely watching for a break above the recent high at 97.686 to confirm continued bullish momentum.
Potential bullish rise?AUD/JPY has reacted off the pivot and could rise to the 1st resistance which acts as an overlap resistance.
Pivot: 96.89
1st Support: 95.68
1st Resistance: 98.01
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Potential bullish rise?AUD/JPY has reacted off the support level which is an overlap support and could rise from this level to our take profit.
Entry: 96.73
Why we like it:
There is an overlap support level.
Stop loss: 96.63
Why we like it"
There is a pullback support level.
Take profit: 98.06
Why we like it:
there is an overlap resistance level that is slightly above the 50% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
