AUD/JPY

I'm predominately an Equities trader, however, I follow this pair with interest as it more or less tracks risk-on / risk-off sentiment along with Equities Indices. Equities Indices have begun a new bull cycle since the August 2015 lows. Interestingly, the AUDJPY has not recovered as much as Equities Indices since those market lows, so I think this pair can go higher here until 17 December (when FOMC is likely to hike rates). Should the US Fed hike rates, then Equities will hit a short term downtrend/retracement, which is when I expect this pair to also drop in unison. However, I can see this pair getting back to 92.00 by 17 Dec, which, was the previous resistance level before the August 2015 big drop.

Is it going up? Very long term

AUDJPY weekly
It's still in the middle of a complex multi-year correction (likely an expanded flat) since October 2007, now in wave [4] of the expanding diagonal wave c, forming an also complex bottoming pattern before advancing on the [5].

The Monthly and Weekly Charts speak for themselves. You can see where the price action is going. The pair has been bullish for the last three months and a clear break of 90 will continue the run. The simple trick is follow PA 500 pips at time.

Plenty of downside on the H3 chart


http://www.forexfactory.com/showthre...08#post8617808

I'm of the view that the market is heading into risk off mode... JPY up, Comdolls down.

Price spiked up due to AUD data... Jumping back in (Buy JPY)

Good luck.

H&S anyone?

What are the thoughts?

Retrace complete, time to buy JPY again

Sell AudJpy 88.05 Stop 88.26 Gonna take off some profits at 87.65 and move Stop to BE, final target is around 87.40

Closed half of the position 87.70 +35 and moved stop for the remaining position to BE aiming for 87.40

Closed the remaining lots at 87.45. starting with a mere 20 pip stop thats a beautiful result for this Position after all. Keep it simple.

what the heck happened here last week ? #aud/jpy

Reversal from 200-day SMA and a subsequent break below 2015 lows points towards continuation of the weakening trend for AUDJPY.
The pair could initially drop to 80.20-80.00 support before extending its weakness all the way towards 74.40-30 in the near-term.

How low is anyone thinking AJ will drop? I am thinking 73's first and then possible 60's, over many many months.

Position shorts from

85.56 - 85.70 w/ TL

and/or

86.17 - 86.31 w/ 61.8 fib






___________________________________________
>> Quinton’s Simple & Effortless Trading thread

AUD is going to tank.

Since we have x/jpy pairs going down I am pretty much confident that audjpy will go down since it had a monthly trend break with a completed entrancement, and for the week I would be looking for a target near weekly support since their is no other obstacles in between.

Good Day