FOMC rate decision has came out as market expected , no big changes on the Dollar. Japan core Consumer Price Index ( CPI ) has been worst than expected so now it is  Bank of Japan turn to  announce any action later on today. If no action is taken Yen probably will strengthen  further from 111.71 (WM1)  area back to 110 .41 ( WPP) . and formed double top  for USDJPY pair.  But if more easing policy from BOJ then  YEN will continue its weaken trend to 113.0 (  WR1 ) .


20160428B AUDJPY Daily


The daily AUDJPY pair has nice pullback  to Fibonacci 38.2% area and  84.21 monthly pivot  ( MPP ) for the bulls to find a nice entry looking for the pairs to reach 161.8%  about 89.9 area .


20160428 AUDJPY 4H

Looking at 4 H  it would be nice to see it go up and bounce off  the 21 then give a nice 123  for the bulls to buy around  84.9 ( WPP )  . IF it continue to go down then  Plan B :  At about  83.5   Fibonacci 50%  and  weekly S1 ( WS1). look for opportunity to buy .

Happy  trading






3 thoughts on “AUDJPY has reach 38.2% area ( 28 April , 2016 )”

  1. Dalmas Ngetich - FOREX.TODAY says:

    JPY is a bull ow especially after Kuroda postponed further easing, i thing we off for tough times ahead with more volatility expected.

  2. Guy Pelletier - FOREX.TODAY says:

    thanks Daniel

  3. Jim Reddihough says:

    Thanks Daniel. Kuroda has changed the short term outlook.

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