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Weekly forecast Australian Dollar / Japanese Yen technical chart
Symbol AUDJPY

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateJanuary 22, 2022 - 22:41
Currentrange bound
Forecastresumption of downtrend

Midterm forecast:

  • While the price is below the resistance 86.000, resumption of downtrend is expected.
  • We make sure when the support at 78.800 breaks.
  • If the resistance at 86.000 is broken, the short-term forecast -resumption of downtrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 83.75 on 01/13/2022, so more losses to support(s) 81.25, 80.29, 79.81 and minimum to Major Support (78.80) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 42.

Supports and Resistances:

  1. 86.00
  2. 84.95
  3. 84.00
  4. 81.25
  5. 73.10
Click on the level to view price action history.