Today is last trading day of April , summer is coming and trading volume will be tapering off . Number One rule is Capital Preservation . Bank of Japan No Action  curtail the trader that front run BOJ decision , it took trader 18 hours to raise USDJPY 250 pips but yesterday  it came down in One minutes .No more important news from Reserve Bank of Australia ( RBA ) nor from Bank of Japan ( BOJ ) . Rate decision from RBA  3 May 2016  14:30 AEST.  BOJ Summary of opinions 12 May, 2016  8:50 Tokyo time.


20160429  AUDJPY Daily

Market has price in 58% of probability that RBA will reduce the rate to 1.75% . If  trader front run the RBA decision there will be more downward pressure for AUD pairs. For the bear it is nice to short near weekly S1 83.56 + 4 H 21 as a resistant target at  WS2  81 area . For the Bull  weekly M1  + Psychological level 82 as a support to look long opportunity .


20160429  AUDJPY 4H

happy Trading and have a wonderful week end.

One thought on “AUDJPY 700 pips range in 2016 ( 29 April , 2016 )”

  1. Adil RADI says:

    thanks for the analysis Daniel. Very interesting !

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