Aud/Jpy

[dollar]

AUDJPY had been rejected by the 80.92 support level yesterday. Then, AUDJPY also formed a double bottom pattern on that support (we can see that on H4 time frame). So, I think AUDJPY may touches the resistance level at 81.54 or higher. But this set up will fail if AUDJPY can break 80.92 support level

[alskndry]

If we look the current candle on H4 time frame, the candle is a pin bar candle and the reversal may happens on AUDJPY. If AUDJPY can break 81.54 resistance level, I expect AUDJPY will go up and the next target is at around 82.17 as the next resistance level. But if fail to break, AUDJPY may continue falling to the 80.92 support level.

[VANDA_S]

At the H1 chart, the price is below EMA 12 and EMA 72 indicates the trend is still down
RSI 50 is below 50 indicates the trend is still down
Recommendation: sell
Range :81.94-80 .83

[dollar]

AUDJPY had been rejected again by that support. Then, if we look on the chart we can see the double bottom pattern on that support level. So, I think AUDJPY may goes up today and has a potential to reach 82.17 resistance level or maybe higher.

[alskndry]

if we look on H4 time frame and see the 80.92 support level, we could see that AUDJPY had been rejected again by that support. Then, if we look on the chart we can see the double bottom pattern on that support level. So, I think AUDJPY may goes up today and has a potential to reach 82.17 resistance level or maybe higher.

[gemmy]

H4 chart demonstrates that the price have tested the support level @38.2% and also tested the bullish trend shown and continued in a bullish direction , so the price is testing now the resistance level @50% and if the price could break this level and close above it we will have a strong signal to buy as the price will continued in a bullish direction till reach the resistance level @61.8% ,

[hazem ahmed mohamed]

we have a resistance level on the daily chart @50% so i predict that AUDJPY will continue moving downward on the short term and i suggest selling this pair now our target point will be@38.2%.

[VANDA_S]

On the H1 chart, the price is below EMA 12 and EMA 72 indicates the trend is still down
RSI 50 is below 50 indicates area trend is still down
Recommendation: sell
Range :82.09-81 .26

[alskndry]

AUDJPY is being rejected by the 82.17 resistance level. Then, if we look on H4 time frame, the rejection is a bearish engulfing pattern. As we know, it is a reversal signal, so I think AUDJPY will fall today to the support level at 81.54. Sell is a good choice for AUDJPY today.

---------- Post added 09-20-2012 at 07:32 AM ---------- Previous post was 09-19-2012 at 09:40 AM ----------

If we look on H4 time frame, we can see that AUDJPY had been rejected for three times by the 82.66 resistance level. then, now AUDJPY is moving below the 82.17 resistance level. So, I think the bearish sentiment still run on AUDJPY. If AUDJPY can break the eysterday's low, I expect AUDJPY will fall to the 81.54 support level or even lower

[VANDA_S]

Price is above 12 EMA and 72 EMA indicates trend is still up
50 RSI is above 50 indicates the momentum of the trend is still up
Recommendation: buy
Range:82.65-81.84