AUDJPY Poised to Start a Distribution Phase to 98.70
On the 60-minute chart, AUDJPY has completed the accumulation phase, and it appears that AUDJPY is preparing for a breakout phase.
This is happening on the 60-minute chart.
The price that has already formed a pattern has a lower form and chances are that it may fall further from this area.
If this happens, AUDJPY may start another impulsive downward move.
In the overall picture, AUDJPY faced a strong resistance near 97.30 and is indicating a downward move to 95.70.
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
On the 60-minute chart, AUDJPY has completed the accumulation phase, and it appears that AUDJPY is preparing for a breakout phase.
This is happening on the 60-minute chart.
The price that has already formed a pattern has a lower form and chances are that it may fall further from this area.
If this happens, AUDJPY may start another impulsive downward move.
In the overall picture, AUDJPY faced a strong resistance near 97.30 and is indicating a downward move to 95.70.
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Trade active
AUDJPY: Target_1 Reached:)
Note
AUDJPY -Posted yesterday on 29-July-2025 Target_1 reached
The Australian Q2 inflation data came in either as expected or a touch lower, good news for the RBA
Australia Q2 2025 Headline CPI 2.1%y/y (expected 2.2%) Trimmed mean 2.7%y/y (exp 2.7%)
Reserve Bank of Australia rate cut at its next meeting, August 11 and 12. A 25bp interest rate cut is widely expected thus rising a selling pressure on Aussie today.
From our analysis AUDJPY reached the first target and the bearish volume is slightly higher after the expectations for a rate cut but RBA. Overall it's good but we should not forget that AUDJPY is also overbought too much like many XXXJPY pairs. The chances that the price may continue to respect our pattern are rising further.
Trade closed: target reached
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✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.