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JAPANESE YEN / AUSTRALIAN DOLLAR

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JPYAUD trade ideas

Overlap resistance ahead?AUD/JPY is rising towards the resistance level which is an overlap resistance and could reverse from this level to our take profit. Entry: 99.77 Why we like it: There is an overlap resistance level. Stop loss: 101.41 Why we like it: There is a pullback resistance level that aligns with the 127.2% Fibonacci extension. Take profit: 96.87 Why we like it: There is an overlap support level. 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.
Short
by VantageMarkets
AUDJPY Forming Bearish Setup? Symmetrical Triangle/Wedge: The price is moving within converging trendlines, indicating a period of consolidation with lower highs and higher lows. This typically points to an upcoming breakout, either upward or downward, depending on market momentum. Trend: Bearish Projection : The red dotted line suggests a bearish expectation, where the price is predicted to decline after hitting the upper trendline resistance, potentially leading to a breakout on the downside. Key Levels: Resistance: Around 98.500 – The price is nearing the upper trendline, which could act as resistance. Support: Around 94.000 – The lower trendline acts as a key support level, potentially where the price could fall to if the bearish scenario plays out. Conclusion: This chart shows a likely bearish scenario for AUDJPY, anticipating a drop towards the lower part of the wedge formation, around 94.000, after encountering resistance near 98.500.
Short
by HAAADY
AUDJPY - 100 coming upIF we look to the Price Action of the later part of last week we see 1. Rally - on Thursday in Asian/London sessions a move from 96.06 to 97.87. 2. Base - from this high of 97.87 to 96.71 over the NY to Asian Session on Friday. This corrective pattern was a Bull Flag conferring a continuation to the upside. 3. Rally - from 96.78 - 98.30 in the London session on Friday. 4. Base - another corrective pattern , this time a symmetrical triangle , forming in the last NY session. These Triangles can break in either direction. Price has moved up to test the Daily Fair Value Gap , established on Tuesday 3rd September. The present Triangular consolidation is testing the Midpoint of this FVG. Considering a trade entry , the Bias is long based on the 55MAV above the 100 MAV. Momentum is suggesting price is likely to break the Triangle to the downside, as we can see Bearish Divergence printing on the RSI. Volume is suggesting Divergence as well to Price. ENTRY IF this does occur, the area of interest would be around 97.20 . Why ? 1. The Optimal Trade Entry sits around the Fibonacci 70.5 Retracement level = 97.30 , for Trend Continuation. 2. The 50 MAV is currently 97.25. 3. Intraday Demand Zone is at 97.15. STOP A valid point for invalidation of a long trade from this area, is the low of the Bull Flag acting as the intermediate Swing Low. Target 1. Symmetrical Price Swing - 99.70 , to front run the daily Resistance at 100. RR = 3+
Long
by Umlingo
AUDJPY Possible Long Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry 1H - 50 EMA Rejection + Bollinger Band Rejection 15m - CSAK + Entry in MALO Note: * Cancel trade or cut-loss when candle close Below MAHI (2 Red Color Lines) in 4H * 1:3 RRR * TAYOR A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
Long
by GreggiBond
Worse places to be than long AUD/JPY if risk is rallyingIf we’re about to see investor risk appetite improve markedly, there are worse trades to have on than long AUD/JPY. It’s had a strong bounce today, helped initially by rising US bonds yields propelling USD/JPY higher before another bumper Australian jobs report reinforced the view the RBA may not need to cut interest rates this year. The bounce from 96.223 has seen the pair break through the downtrend dating back to the record highs in July. With momentum indicators providing bullish signals, upside looks far easier than downside near-term. With only minor resistance at 97.621 and the 50-day moving average in between, a retest of the important 200-day moving average may be on the cards. Ideally, it would have been nice to have caught the initial leg higher as Asian trade got underway. You can still go long here with a tight stop below the uptrend it’s been bouncing off since Monday, but a better long setup would be to either wait for a potential pullback towards 96.223, allowing for a stop to be placed below for protection. If no reversal arrives, you could wait to see whether the price can pierce 97.621, providing the opportunity to buy the break with a stop below for protection. From a fundamental perspective, one risk is the BOJ rate decision on Friday. Even though no move is expected, and that markets are already priced for more modest rate increases over the next 12 months, traders have been super-sensitive to signs of BOJ hawkishness recently. That could spark a reversal but it should not come as a surprise. Good luck! DS
Long
by FOREXcom