Jump to content

Audjpy down break coming shortly

Guest Mthivele

Recommended Posts

Can't quite see the time frame on the chart pic @Mthivele, might be worth trying to post a saved chart rather than a pic.  As you suggesting a break down or up here?  Are you suggesting s short term move or a longer term breakout?

This isn't a market I look at and there is insufficient historic data for me to get a long term view here but from the daily chart it looks like we could be seeing a V bottom that, if it breaks above the top of the V, would be a good Long.  This is consistent with AUDUSD, where I am anticipating a similar situation.  That said, the Yen looks like it may stage a rally vs USD (down on USDJPY) and that is my long term prognosis BUT we could see a medium term rally in USDJPY if stocks rally.  All in all not a clear picture to me but as I said I don't look at AUDJPY.  Thanks for posting the idea though, let's see how it plays out.


  • Like 1
Link to comment
  • 2 weeks later...

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • In the previous year, #bullrun2024 had been a trending hashtag as most crypto enthusiasts continually drooled over the prospects of witnessing another bull cycle. 2024 is finally here and so far so good has produced only fireworks. BTC has soared to 60k+, the market is green, and there’s a general sense that the bulls are returning. If there’s one thing that pays most in such bullish market, it is the flair to spot early gems and position oneself before a breakout. In that regard, Bitget has been my plug for a few years running. The early listing of $ORDI last year for instance before Binance listing 7 months after, and a surge ultimately is well documented. This year alone, Bitget has continued its wealth creation for users nicely, coins like $PORTAL, $GPT, $GTAI and so on have gone on to print for investors as depicted in the picture below. Web3 rewards not just active participation, but strategic positioning. There’s no gainsaying that the key to securing insane profits in this market is by positioning early and strategically too. Bitget’s eagle-eye for spotting early gem is a flex. Numbers don’t lie.  
    • Portal itself is awesome. Those who haven't got any airdrop, I think it's best time to accumulate for them.. tho, I'm gonna DCA....
    • Nope the hype is worth it. The project is dope itself as well as the team. Already deposited my bag at Bitget... Let's hope for the best 🤞
  • Create New...