BOJ  verbal intervention to weaken Yen on Friday push AUDJPY to the resistant area last Friday, For the Bull  this week expecting a nice pullback  to Monthly pivot point  84  area which is happen to be 38.2%  pullback , and target to 161.8% about 89 area. This is  depend on the fundamental market condition. US Federal reserve will announce its rate decision and market is price in 21% of probability of rate increase and Wednesday 27 April  Australia Consumer price index  could effect the outcome .

 

20160425A AUDJPY Day

looking at 4 H , For the Bull it would be nice to see a good pull back to weekly pivot  (WPP) and Psychological level 85 , wait for stochastic to come down to overbought area and look for long entry

 

20160425A AUDJPY 4H

happy trading

 

 

 

 

 

 

 

 

One thought on “AUDJPY has reach Resistant area ( 25 April,2016 )”

  1. Miles Nummularius says:

    Good analysis Daniel. I also see it retrace down to test the WPP and then up technically. Of course fundamentals will have the last word with AUD CPI and BOJ this week.

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