AUD/JPY – 4H Technical & Fundamental Analysis
AUD/JPY is currently hovering around the 95.00 psychological level. A decisive break below this level could open further downside potential. The Japanese Yen is gaining traction amid a global risk-off sentiment, acting as a safe-haven currency. Meanwhile, the Australian Dollar is under pressure as speculation grows about potential rate cuts by the Reserve Bank of Australia (RBA).
In addition, AUD is highly correlated with commodities. The recent decline in commodity prices is dampening investor appetite for the Aussie.
From a technical perspective, the pair recently formed a double top near the 97.300 resistance zone, signaling a potential trend reversal. Price then broke below a major support level at 95.500, followed by a period of accumulation, indicating sellers entering the market.
However, we are still waiting for clear signs of liquidity to form. Our plan is to wait for a liquidity grab near the zone, then execute a Sell Stop strategy once confirmation is present.
🔽 Sell Setup Plan:
Entry (Sell Stop): 95.380
Stop Loss: 96.120
Take Profit: 93.890
We remain cautious but biased toward bearish continuation upon confirmation of liquidity and key level rejection.
📌 Disclaimer:
This is not financial advice. Always wait for proper confirmation before executing trades. Manage risk wisely and trade what you see—not what you feel.
AUD/JPY is currently hovering around the 95.00 psychological level. A decisive break below this level could open further downside potential. The Japanese Yen is gaining traction amid a global risk-off sentiment, acting as a safe-haven currency. Meanwhile, the Australian Dollar is under pressure as speculation grows about potential rate cuts by the Reserve Bank of Australia (RBA).
In addition, AUD is highly correlated with commodities. The recent decline in commodity prices is dampening investor appetite for the Aussie.
From a technical perspective, the pair recently formed a double top near the 97.300 resistance zone, signaling a potential trend reversal. Price then broke below a major support level at 95.500, followed by a period of accumulation, indicating sellers entering the market.
However, we are still waiting for clear signs of liquidity to form. Our plan is to wait for a liquidity grab near the zone, then execute a Sell Stop strategy once confirmation is present.
🔽 Sell Setup Plan:
Entry (Sell Stop): 95.380
Stop Loss: 96.120
Take Profit: 93.890
We remain cautious but biased toward bearish continuation upon confirmation of liquidity and key level rejection.
📌 Disclaimer:
This is not financial advice. Always wait for proper confirmation before executing trades. Manage risk wisely and trade what you see—not what you feel.
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.
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.