HomeContributorsTechnical AnalysisAUDJPY Bearish Zig Zag Pattern Aiming for 85.35 if 86.25 Holds

AUDJPY Bearish Zig Zag Pattern Aiming for 85.35 if 86.25 Holds

The AUD/JPY is following a bearish zigzag pattern that could reach D camarilla support levels as I showed during my Real-Time Daily Trading Ideas Live Webinar today. The AUD/JPY could reject from the POC zone 85.90-95 (50.0, W L5, EMA89, D H3) and as long as 85.18-25 holds we might see a drop towards 85.50 and 85.35. Only if we see a 4h or 1h momentum close below 85.35 the pair might target 85.05 and 84.56. Have in mind that the AUD/JPY is a bislow moving pair so it might take some time to get to its final target. At this point the focus is on the POC zone.

  • H3 – Weekly Camarilla Pivot (Weekly Interim Resistance)
  • W H4 – Weekly Camarilla Pivot (Strong Weekly Resistance)
  • D H4 – Daily Camarilla Pivot (Very Strong Daily Resistance)
  • D L3 – Daily Camarilla Pivot (Daily Support)
  • D L4 – Daily H4 Camarilla (Very Strong Daily Support)
  • PPR – Progressive Polynomial Channel
  • POC – Point Of Confluence (The zone where we expect price to react aka entry zone)

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