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AUDJPY ON THE PRESSURE


In my technical analysis i will use moving average 100 and 200. If price is above moving average 100 and ma100 above ma 200 then price action tell us that pair is on bullish mode. If price is below ma 100 and ma100 is below ma 200 then we have bearish mode. If situation isnt clear with price action and moving averages then i use additional tolls.
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llolor avatar
llolor 1 sep

Great analysis

scramble avatar

Im not really a fan of indicators, but anyway I like your analysis! Good luck :)

wisdom_consultant avatar

thoughtful!

MR_KHALEDBADRY avatar

good job

GUANYINDIZI avatar

good !

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AUDjpy on view


audjpy is on trendline where is very strong resistance and if break there we can see fast up move to 90 or 90.5 where is one more very strong resistance. I expect that will be break and that will be to boj meeting. Happy weekend to all traders and hope better week.
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AUDJPY proces of formating HS


Char 1. audjpy weekly
Audjpy have very bullish last week and close on trendline. This is mean resistance in this moment but on next week we have big impact events in Japan and this resistance on trendline can easy be history ( Chart 1)
Chart 2 - audjpy daily
My view is that break of this trendline will happen in next week or two. After that pair will go up to very strong resistance on 90.75 , breaking that resistance this pair get very bullish view but i think that resistance will hold in first…
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Consolidation in yen pairs


After strong breakout on usdjpy yesterday we today seen some consolidation. That was very good chance to exploit that on bullish side because usdjpy touch strong support which is on 107.5. I trade more pairs with yen and all was sold on yen, that give me some profits. Because is end of week i must looking on closing some position and start to looking which strategy to use in next week. Definatly that will be strategy with less risk. Happy weekend for all traders!!!!
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