AUD/JPY

[RVD Support 8]

This Thread is made for the discussion of AUD versus JPY
You can give here forecasts, explanation about the market And Technical Analysis.

[saiansh23]

Pair is taking the shape of ending diaognal but we need a break above 91.50 to make sure that all the needed retracement has been over and we are on over way to test the 95.54 resistance
and with a break above there the bottom would be well placed But It could be the horizontol bear flag which nead a break below 89.10 to make sure that breakout is for the continuation
for the trend towards 87.50 and possible the last decline when the final retracement would take place as the wave 2 and Then from there we will see how the price action unfolds

Regards
Check the chart

[topman]

AUDJPY,H1
Date 2013.06.26
Time 09:00
-------------------
RnS levels :
R3 92.8227
R2 91.9013
R1 91.4137
Pivot 90.4923
S1 90.0047
S2 89.0833
S3 88.5957
-----------------


Trend : Bullish.
Chart explanation : The price already pass the pivot point then it will gain a strong confirmation after breakout the center line of trend tunnel (magenta line).
Expectation : Price will increase to 91.197.

[saiansh23]

This is what I think of aud/jpy Potential is here But need for a break for entry Entry on the both side Countertrend and with the trend While the price is taking the shape of ending diagonal

If we manage to break above 91.10 then test of 93.52 is almost there But I expect if you go with uptrend then it will hold for a break below 90.02 and then 89.10 for a final push towards 84.50 where I would see the long term bottom as current ongoing correction is already very deep a break above 93.52 will make sure that the bottom is in placed and we are going to test the higs again

check the chart
Regards

[saiansh23]

Pair is trying very hard to stay above 91.00 but so many efforts that has been failed But if we break above 91.50 so low 89.10 would be first hint of bottom being place and
test of 93.52 will be there and with a break there the correction would have ended there and start of test of highs but we need to stay below 90.84 and then 89.10 for the
trend to gain momentum because pair is capped below 91.50
regards

[topman]

A positive sentiment triggered this pair to made new highest swing on hourly chart here, and now it moves downside for draw down which is expected to touch 90.953 again. Since it come back into the box, then we can use it as the key trading for waiting a breakout there. It means, a breakout of 91.316 will call 91.904/92.268 or a breakout 90.953 will call 90.365/89.866.
Lets make it clear with this chart :

[topman]

AUD/JPY H1 Analysis :
A bullish sign is clear on this chart and it is supported by trend tunnel lines too. So, i expect aud/jpy will increase and challenge barrier 91.697 or 91.904. At the downside, we have double bottom formed there as a strong support and bearish need to breakout this support for gain confirmation.

Chart :

[debian]

At the chart The price movement in pivot are point., as we see price has brake the trend channel and go down, and i think the price will downtrend

At the picture there are crucial point to note, that is support 1 and support 2 , if price cross of Daily S1 then likely the price will go to support 2 with assumption that there is a slight correction between support 1 and support 2,

and this moment the down trend is dominant

[ispgamer]

decelerating of bullish by chinkou span which make one long bearish bar heiken ashi is appearing as the last bar is not becomng strong reversal starting signal as bearish because both tenkan sen and kijun sen are upward then pair is moving above these from 0.9215