audjpyanalysis

AUDJPY is travelling in a descending channel, Price hit the top and price plummeted down and even broke a major support zone marked out with a pinnk rectangle, We are expecting price to come back up to retest this zone before dropping down to touch the bottom of the channel, our first minor target is the -0.27 extension level as we are expecting price to retest...

Price of AUDJPY opened with an extremely large gap downwards.While it did it broke below the major support zone, it has started making its way up and we expect price to go up and test the descending trendline at the 0.500 - 0.618 retracement level before dropping down to the -0.27 extension level

Good for entry

AUDJPY Price has been travelling in a descending channel marked out in blue and has been consolidating for a few days. Price broke above the area of consolidation and made a black ascending channel to touch the top of the descending channel and while doing so it had a little breakout to the upside of the descending channel before price dropped out of the ascending...

AUDJPY was travelling in a horizontal channel until we saw a breakout to the upside a few days ago through the resistance zone. Price has now come back down to the 0.382 retracement level of the previous move upwards which is also where the previous resistance zone (now support) is. This indicates price is going up, but where? Our target is at the top of the...

Price has overall been travelling in a DESCENDING channel, price hit the bottom of the channel and now price has broken above the mini descending trend line it was following quite strongly. we expect price to move down to the descending trend line as it has also formed an ascending channel wile breaking out. We believe price will move up all the way to the top of...

AUDJPY was travelling in a triangle and it can be argued it was also travelling in an ascending channel. Price broke out of both structures to the downside and came back up to retest the structures before tanking all the way down to the previous support. We have reached the 0.618 retracement level indicating a SELL opportunity, Our TP is at the -1.27 extension...

AUDJPY has been travelling in an ascending channel on the daily chart , more visible here Price broke our of this channel to the downside and as shown above on the 4H char, price has been making its way up as a retracement. On its way up it has formed a trendline which has now been...

Since the extremely large drop on the majority of FX pairs, AUDJPY has been climbing up in an ascending channel which is visible on the daily chart. Price has broken out to the downside and has come back up to retest the channel. Our entry is at the 0.618 retracement zone of the previous swing. TARGETS ARE MARKED OUT ON THE CHART. PURPLE LINES ARE SHORT TERM...

want to see a clean push through this amazing level, hoping Japanese CPI result can push it down cleanly. looking for a retest at the level

Sell below 85.06. Stop loss at 05.25. Take profit at 84.38. Reason for the trading strategy (technically): Price is approaching major resistance at 85.06 (Fibonacci extension, horizontal swing high resistance) and we expect a strong reaction from this level for a drop to at least 84.38 support (Fibonacci retracement, horizontal overlap support). Stochastic...