Audjpysell
AUDJPY reversed from resistance, potential drop!
AUDJPY reversed off its resistance at 75.815 where it could potentially drop further to 74.960.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
AUDJPY bounced from support, potential for a further rise!
AUDJPY bounced off 75.513 where it could potentially rise further to 76.247.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
AudJpy towards 74? - Daily outlook
It is the third time in the last month that audjpy rejects the important level of resistance over 76.
On Friday the market closed on the bottom of the daily trading range and I expect a selloff in the coming days towards the important level of support from 74.
Strategy:
Sell the market
SL at 76.50
TP at 74.00
AudJpy- to resume its downtrend?- weekly viewThe long-term trend for audjpy is clearly down, and the rise from 70 low is corrective in nature and can be seen as a flag.
This correction stopped at the important resistance level from 76.50.
I think the market will resume its downtrend and a retest of the 70 low is possible in the first quarter of 2020.
AUDJPY Market Outlook | Daily Forex Market BreakdownAUDJPY
AJ is looking great. Pushed down a bit as I felt we would. I am now waiting for the bears to take control. I believe we are going to see a big push to the downside soon. As always I will let the tribe know if I see anything. NJ is also looking good but since AJ looks much better and they correlate I feel its best to focus just on AJ for the time being.
AUDJPY Market Outlook | Daily Forex Market BreakdownAUDJPY
AJ is looking like a decent short opportunity. We have been going sideways. Half tempted to get in now but I am going to watch very VERY closely for now. I like AJ especially because I prefer swing trades and it looks like a good opportunity for us.
AUDJPY bounced, potential for a further rise!
AUDJPY bounced off 75.844 where it could potentially rise further to 76.700.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
AUDJPY approaching resistance, look out for potential reversal!
AUDJPY is approaching its resistance at 75.920 where it is could reverse down to its support at 75.260.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
AUDJPY reversed from resistance, potential drop!
AUDJPY reversed off its resistance at 75.260 where it could potentially drop further to 74.428.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
AUDJPY potential reversal!
AUDJPY expected to rise up to 1st resistance at 75.260 where it could potentially react off and drop down to 1st support at 74.428.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
AUDJPY reversed from resistance, potential drop!
AUDJPY reversed off its resistance at 74.684 where it could potentially drop further to 73.591.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
AUDJPY bounced from support, potential for a further rise!
AUDJPY bounced off 74.855 where it could potentially rise further to .75.674
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
AUDJPY bounced from support, potential for a further rise!
AUDJPY bounced off 74.738 where it could potentially rise further to 75.674.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.