AUD/JPY Articles

AUD/JPY bearish signals target 74.350

AUD/JPY low volume pull back on the 4-hour time frame coinciding with technical signals. Bearish engulfing pattern closed on Friday signaling the entry for AUD/JPY to target the lower Bollinger band as low as 74.200. Key Points: 4 Hour – Shooting star above Bollinger band 4 Hour – Price below 50…

AUD/JPY price support at 78.6% Fibonacci

AUD/JPY supporting price with multiple signals suggesting a short-term bounce. RSI divergence in the oversold territory clusters with 78.6% Fibonacci and a drop in volume gives us enough signals to enter AUD/JPY with any bullish candle reversal. Key Points: 1 Hour – Outside lower Bollinger Band 1 Hour –…

AUD/JPY Short-term Recovery to 76.00

AUD/JPY has dropped 5.5% from August highs finding a price zone where major reversals have started. Also coincides with June close – July open price. Watching closely for trend line break and a hold above for confirmation to enter. Fundamentally it is quite difficult to go against the Japanese Yen…

AUD/JPY Daily Cross Signals Bearish Momentum

Price breaking below daily pattern trend line and if held, could commence the exit sell down to levels we have not seen since June. AUD/JPY is at a critical zone to determine its fate. This week Japan announced Yoshihide Suga as their official Prime Minister, and US retail data…

Bleak Outlook, As Economic Deterioration Hits Home

While it is hard to keep up with the ever-changing news flow, the weekend narrative has largely focused on the economic damage the virus will inflict.