AUD/JPY Down 0 Pips in Last Hour; Eyes 20 Day Average

Hourly Update

(Last Updated June 17, 2022 1:35 GMT)

Currently, AUDJPY’s rate is down 0 pips (0%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on AUDJPY. Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

AUDJPY End of Day Recap

Updated 00:30 GMT (04:30 EST)

The back and forth price flow continues for AUDJPY, which started today off at 93.18, down 52 pips 0.55% from the day prior. Compared to its peers in the Forex, AUDJPY gave its buyers a return that ranked 28th in terms of percentage change since the day prior. The price chart of AUDJPY below illustrates.

AUDJPY

AUDJPY Technical Analysis

Notably, AUDJPY is now close to its 20 and 50 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Or to simplify this another way, note that out of the past 10 days AUDJPY’s price has gone down 6 them.

The View From Around the Web

We’re seeing some traders come out with interesting conviction on AUDJPY, with 2 buy signals on our radar and 4 sell signals. This imputes a buy/sell ratio of 0.5, which is bearish. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

I did expect buy side liquidity to be take off then drive to premium tap 4 hrs OB …then go low and sweep sell side liquidity