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Audjpy-short

AUDJPY facing bearish pressure |26th Aug 2021Price is seen to be holding below the descending trendline resistance, this signifies a bearish momentum on AUDJPY .(On the weekly chart, the price is still holding within the descending channel .) Price is expected to move towards the take profit level in line with 38.2% Fibonacci retracement level, 78.6% and 100% Fibonacci extension . Our bearish bias is further supported by the stochastic indicator where the K% line has bounced off the resistance level and price is also seen to be holding below the 100 period MA. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by FXCM
AUD/JPY ShortIf the current consolidation just above 80.00 breaks down a quick move lower could occur. Establishing short positions within the current consolidation pattern is riskier then waiting for a breakdown but has a much higher risk reward ratio and ensures the move downwards will not be missed. The price action suggests quite few stop losses are placed just below 80.00. Should the price be pushed below 80.00 on a daily closing basis a significant and rapid move downwards could occur. *This is not a recommendation to buy or sell it is for educational purposes only* FX:AUDJPY
Short
by MarkE
AUDJPY - FOREX - 05. MAY. 2021Welcome to our weekly trade setup ( AUDJPY )! - 1 HOUR Bearish pa and pressure towards main sr level. 4 HOUR Price broke below main sr level. DAILY Great bearish market structure.. - FOREX SETUP SELL AUDJPY ENTRY LEVEL @ 84.450 SL @ 84.930 TP @ 83.670 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
11
AUDJPY return to trend and FALL to SUPPORT lineSince November 2019, the price has been increasing. However, it was not in an uptrend all this time. After the price left it in February last year, it was able to return to the trend only in February 2021. Breaking through the strong support zone at the intersection of the trend line and the 80.55 level. After the breakout, the price continued to move in the trend and returned to support 82.21 last week. From which she began to grow. I expect the price to touch the 86.03 resistance and then drop to support at 83.48. This will be our goal. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
10
AUDJPY WeaknessPrice shown on daily having hard time within the 85.0 and 85.5 range as a double touch of this range can be seen. Zooming into the 4h timeframe, you can see a clear break of the uptrend after a hard rejection from the daily zone. A retest and rejection followed. Pushdown, consolidation, pushup and rejection. This rejection was lower than the original, even though just a small amount. On 1h, bearish break of consolidation. Retest of the 84.0 level with a hard rejection. Closing the last hour with a bearish gravestone. Looking for sells toward the 82.4 daily recent low. AUDJPY Daily AUDJPY 4h AUDJPY 1h
Short
by realglennfranc