AUD/JPY Intraday Signal: Bearish Continuation While Below 96.85
Analyses:
AUD/JPY remains under pressure, trading below the key resistance at 96.85. The RSI is below 50, and the MACD is negative and positioned below its signal line—indicating a bearish configuration. Furthermore, price is holding beneath both the 20 and 50-period moving averages (each at 96.78), reinforcing the downside outlook. If 96.85 continues to hold as resistance, we expect a move toward 96.35 and 96.11. A break above 96.85 would invalidate this scenario and shift focus to 97.12 and 97.27.
Enter: 96.70
SL: 97.12
Target A: 96.35
Target B: 96.11
🟢 Signal Result – AUD/JPY
🎯 Target B reached at 96.11, delivering a +59 pips total profit from the entry at 96.70.
The trade was first secured at Target A (96.35), and then fully closed at Target B, with risk-free management activated after partial gains.
The bearish scenario played out effectively as long as price stayed below 96.85.
We’ll continue monitoring AUD/JPY for fresh momentum-based entries.