Technical Overview of AUD/JPY, CAD/JPY, and GBP/JPY Currency Pair

AUD JPY

AUD JPY

The AUD traded lower against the JPY and closed at 76.084.

The Pair 

1 – Stalls at the Quarterly Pivot.
2 – Formed a Mother bar Inside bar @ D1.
3 – Making a series of LH and LL.
4 – Broke the Weekly Low.
5 – Formed A Resistance Trend Line.
6 – Main Trend Down.

Scenarios:

Break above 127 Extension may form a Bullish Momentum.
Break below 127 Extension may form a Bearish Momentum.

According to the Analysis, The pair is expected to find support at 75.791, and a fall through could take it to the next support level of 75.498. The pair is expected to find its first resistance at 76.364, and a rise through could take it to the next resistance level of 76.644.

AUD JPY Previous Day range was 5730 and Current Day Range is 3020.

CAD JPY

CAD JPY

The CAD traded higher against the JPY and closed at 81.396.

The Pair 

1 – Stalls at the Quarterly Pivot
2 – Formed a Motherbar Inside bar @ D1
3 – Making a series of LH and LL
4 – Broke the Weekly  Low
5 – Formed A Resistance Trend Line
6 – Main Trend Down

Scenarios:

Break above 127 Extension may form a Bullish Momentum.
Break below 127 Extension may form a Bearish Momentum.

According to the Analysis, The pair is expected to find support at 81.059, and a fall through could take it to the next support level of 80.721. The pair is expected to find its first resistance at 81.636, and a rise through could take it to the next resistance level of 81.875.

CAD JPY Previous Day range was 5770 and Current Day Range is 2090.

GBP JPY

GBP JPY

The GBP traded higher against the JPY and closed at 141.383.

The Pair 

1 – Stalls at the Quarterly Pivot.
2 – Formed a Mother bar Inside bar @D1.
3 – Making a series of LH and LL.
4 – Broke the Weekly Low.
5 – Formed A Resistance Trend Line.
6 – Main Trend Down.

Scenarios:

Break above 127 Extension may form a Bullish Momentum.
Break below 127 Extension may form a Bearish Momentum.

According to the Analysis, The pair is expected to find support at 141.091, and a fall through could take it to the next support level of 140.800. The pair is expected to find its first resistance at 141.907, and a rise through could take it to the next resistance level of 142.432.

GBP JPY previous day range was 8160 and current day range is 2900.

Fundamental Analysis of the Pairs

1 – JPY and CHF have been gaining much strength as those were in a day range.

2 – For now we can see that Pound and AUD have lost all if their gains against the JPY and have broken the Weekly Lows.

3 – The dollar was firmer in early Asian trade on Wednesday while the Australian dollar brushed a more than four-month low. 

4 – Sterling hit a new two-week low on Tuesday as British employment data showed wage growth in the quarter ending March was lower than expected, signaling the possible start of a turbulent period for the broader economy.

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