It is obvious that the AUDJPY displayed extremely volatility after the announcement of the interest rate policy by the Bank of Japan (BOJ) as the policy stance remain unchanged. From a technical perspective, I am of the opinion that the Yen might decline in the new week considering the long-term bullish strength of the Aussie as we witnessed multiple rejections by the buyers of the 92.500 area (61.8% retracement of the prior leading price action) during last week trading session.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Trade active:
Sorry, I am already in on this one with a small position with the hopes of adding more if the opportunity arises as it appears price doesn't seem to be dropping into the key level area at 93.500 . However, I still think there is still an opportunity to take advantage of the bullish potential. Breakout/Retest of 94.200 appears to be most appropriate to take a bullish bias. Update coming soon
Trade active:
I am joining the trend continuation
Comment:
I want to see if price will respect the key level identified at 93.500 area to be sure that a bullish bias is still valid. Update coming soon!
Comment:
Looking forward to the rejection of bullish trendline
Trade active:
I have readjusted my entry after the appearance of a reversal pattern here on the 1 Hour time frame and the key level has also been readjusted to the 93.00 area which will also be the neckline of the reversal pattern. Be on standby as there is a possibility of multiple entries on this pair.
Comment:
Running in profit
Trade smart. Trade consciously
