I think that we can get in long position after breaking the resistance level at 92.28 with take profit at 94.22.
http://i.imgur.com/RFaG3rg.png
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I think that we can get in long position after breaking the resistance level at 92.28 with take profit at 94.22.
http://i.imgur.com/RFaG3rg.png
Daily Forecast
Pair: AUDJPY
Major Trend: Bullish
Time Frame: H1
Reason: The strength of the stochastic still indicates a bullish trend. Dirediksi, the market will be up at 92.99, ahead of the American session, or even more.
Recommendation: Buy now with a target of 92.99
I don't think that the price will rise more, that's why I think that we should wait until the price break the support level at 92.05, than we get in short position with take profit at 90.66.
http://i.imgur.com/x4dM8q5.png
AUDJPY's reversal from 89.30 support level triggered the pair's up-move towards 93 horizontal resistance; however, the overbought RSI and the AUD weakness are likely to reasons that can cause the pair to re-test 91.50 and 90.60 support level before extending its decline towards 89.30. Moreover, continued selling pressure below 89.30 can provide considerable weakness to the pair and can make it test 88.20 support level. If the pair closes above 93, it can rally towards 94 and the 38.2% Fibonacci Retracement of its November – 2014 to February – 2015 decline, near 94.50, quickly followed by the descending trend-line resistance, near the psychological resistance level of 95. A close above descending trend-line becomes decisive for the AUDJPY up-move and can support the pair to test 97 mark, with 96 being intermediate resistance level.
Daily Forecast
Pair: AUDJPY
Major Trend: Bullish
Time Frame: H1
Reason: It appears that the market has been rejected at 93.04. Bet the market will still be a correction pivot point at 92.60 before continuing bullish trend for today.
Recommendation: Sell now with a target at 92.60, or Buy limit
analysis for today 2 / 11 / 2015
AUDJPY
Resistance : R1 93.42 R2 93.67 R3 93.87 R4 94.17
Support : S1 92.28 S2 92.03 S3 91.83 S4 91.53
Open : 92.73
High : 93.03
Low : 92.67
Range : .36 Pips
Running Price : 92.97
Strategy : BUY at the level 92.97 stop loss at the level 92.28 target take profit at the level 93.87 or at the level 94.17
By the time i wrote this analysis the price is now sitting above the trendline and it seem it will close above the trendline within 1h from now but still be close to the line. heiken a small candle show prices are still able to move anywhere you should wait but if you dare to take risks....
analysis for today 2 / 12 / 2015
AUDJPY
Resistance : R1 92.46 R2 92.71 R3 92.91 R4 93.21
Support : S1 92.25 S2 92.00 S3 91.80 S4 91.50
Open : 92.90
High : 93.00
Low : 91.71
Range : 1.29 Pips
Running Price : 91.83
Strategy : SELL at the level 91.83 stop loss at the level 92.46 target take profit at the level 91.80 or at the level 91.50
analysis for today 2 / 13 / 2015
AUDJPY
Resistance : R1 92.70 R2 92.95 R3 93.15 R4 93.45
Support : S1 91.56 S2 91.31 S3 91.11 S4 90.81
Open : 92.05
High : 92.31
Low : 91.95
Range : .36 Pips
Running Price : 92.03
Strategy : SELL at the level 92.03 stop loss at the level 92.70 target take profit at the level 91.11 or at the level 90.81
analysis for today 2 / 16 / 2015
AUDJPY
Resistance : R1 92.73 R2 92.98 R3 93.18 R4 93.48
Support : S1 91.57 S2 91.32 S3 91.12 S4 90.82
Open : 92.05
High : 92.32
Low : 91.98
Range : .34 Pips
Running Price : 92.17
Strategy : SELL at the level 92.17 stop loss at the level 92.73 target take profit at the level 91.12 or at the level 90.82
Spoiler: