USDJPY Trade Analysis

 

Current Trend: Downtrend.

 

Support Levels: 102.60.

 

Resistance Levels: 103.91.

 

USDJPY Daily Chart

Don't have the VERY BEST trading charts?

Get a free demo of the same charts we use.

 

USDJPY Trade Ideas

Price action has been steadily trending lower on the USDJPY over the past few months.

As the attached daily chart shows, within this move lower we have been seeing a series of lower highs as price pulls back and then sells off back lower. Price has now formed another one of these pullbacks in the last two daily sessions and has moved back into a daily chart resistance.

This resistance around 103.91 now looks an important level for this pair and a level to watch for potential short trades.

If we can see some form of bearish rejection at this level we could start to look for new potential short trades on the daily and smaller intraday time frames.

 

USDJPY 4 Hour Chart

 

AUDCHF Trade Analysis

 

Current Trend: Uptrend.

 

Support Levels: 0.6820.

 

Resistance Levels: 0.6877.

 

AUDCHF Daily Chart

 

AUDCHF Trade Ideas

Price action on the AUDCHF has been in a strong trend higher since March of last year. Whilst there have been periods of sideways range movement, the trading overall has all been higher.

Until this momentum and trend changes, the best play looks to be finding trades inline with this trend higher.

Price has now run into a daily chart resistance level and we could see price pop lower. If we can see a quick retrace lower we could look for long trades from value areas.

The nearest support of interest comes in around 0.6820 which could be a quality level to start looking for new long trades.

 

AUDCHF 4 Hour Chart

Join Our FREE Telegram Group to Get Signals and Market Analysis 5 x Days a Week!

Join Learn Price Action Telegram

Featured Brokers

Overall Rating Trade Now

FXTM

  • Very good tier one regulation
  • Many market types available
  • MT4 and MT5 platforms
  • Up to 200:1 leverage
Overall Rating Trade Now

Skilling

  • Tightly regulated by FCA & Cysec
  • Award winning trading platform
  • Small minimum deposit
  • Superior trader support


Pip Hunter
Pip Hunter

I hunt pips each day in the charts with price action technical analysis and indicators. My goal is to get as many pips as possible and help you understand how to use indicators and price action together successfully in your own trading.