AUDJPY Favoring Bears to Take Price Control
While I typically don't like short setups on XXXJPY pairs, AUDJPY presents a unique situation, though the risk of this short trade remains high. Last night, AUDJPY moved down by nearly 120 pips. Currently, the price is taking a pause, but it could move further down in the coming days.
AUDJPY broke below the 100.00 price level, a strong psychological area. Market speculation suggests that the Bank of Japan (BOJ) may hike rates at the upcoming meeting. Additionally, the BOJ CPI data due this week will provide further insight into the next move, which is expected to be largely speculative.
These factors support the likelihood of AUDJPY moving lower.
You may find more details in the chart!
Thank you and Good Luck!
While I typically don't like short setups on XXXJPY pairs, AUDJPY presents a unique situation, though the risk of this short trade remains high. Last night, AUDJPY moved down by nearly 120 pips. Currently, the price is taking a pause, but it could move further down in the coming days.
AUDJPY broke below the 100.00 price level, a strong psychological area. Market speculation suggests that the Bank of Japan (BOJ) may hike rates at the upcoming meeting. Additionally, the BOJ CPI data due this week will provide further insight into the next move, which is expected to be largely speculative.
These factors support the likelihood of AUDJPY moving lower.
You may find more details in the chart!
Thank you and Good Luck!
Trade active
AUDJPY -> target 1 almost reached at 99.20Trade closed: target reached
Note
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
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.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
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.