AUD/JPY Range Breakout!

Olimpiu Tuns

Updated:

UNLOCK DAILY FOREX SIGNALS

Select a Plan

£40

 1-month subscription

Select

£30

 3-month subscription

Select

£21.5

 6-month subscription

Select

£399

 lifetime subscription

Select

£50

 Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Checkmark

Service for copy trading.

Checkmark

High profitable signals.

Checkmark

24/7 cryptocurrency trading.

Checkmark

10 minute setup with significant benefits.

Checkmark

79% Success rate.

Checkmark

Up to 40 trades per month.

Checkmark

Monthly subscriptions begin at £58.


AUD/JPY has decreased a little in the short term after escaping from a major range. It has come back down to test and retest the immediate support levels before jumping higher again.

The Japanese Yen was strong in the short term only because the Nikkei (JP225) dropped. Still, the Japanese stock index maintains a bullish outlook despite yesterday’s sell-off.

JP225’s growth should force the Yen to depreciate versus its rivals.

AUD/JPY H4 Chart Technical Analysis

 

AUD/JPY  is traded back near 84.477 static resistance after failing to stabilize below the weekly pivot (84.261). It has only registered a false breakdown through the ascending pitchfork’s lower median line (LML).

Now is pressuring also the upper median line (uml) of the descending pitchfork. A valid breakout above this line and a new higher high, a bullish closure above 84.569, could signal a further growth at least towards the weekly R1 (85.025).

 

Conclusion!

AUD/JPY may resume its growth if it manages to stabilize above 84.477 range resistance. The bias remains bullish as long as the rate is located within the ascending pitchfork’s body.

The median line (ML) is seen as an upside target if the price continues to increase. The upside scenario could be invalidated by a new drop below the weekly pivot of 84.261.

 

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Share with other traders!

Olimpiu Tuns

Olimpiu Tuns graduated with a Master in Business Administration and is a seasoned Market Analyst / Trader / Trainer with 10 years of experience in the financial markets having expertise in Forex, Commodities, Index, Cryptocurrencies, and Stocks.

He worked as a Market Analyst for three major brokerage companies, as a prop trader, and as a contributor/content creator for news portals and educational platforms.

Leave a Reply

Your email address will not be published. Required fields are marked *