Australian Dollar / Japanese Yen (AUDJPY) – Day Chart AnalysisAUDJPY Elliott Wave Technical Analysis
Analysis SummaryThe AUDJPY Elliott Wave analysis on the daily chart indicates a bearish trend for the Australian Dollar against the Japanese Yen. The downward momentum aligns with an impulsive wave structure, with orange wave 1 currently active within navy blue wave 3, highlighting continued bearish sentiment.
Wave Analysis Details
The configuration of navy blue wave 3 reinforces a bearish trajectory, implying that the pair has substantial room for continued downside momentum.Invalidation Level and Trading ImplicationsThe key invalidation level for the bearish structure is 102.424. If the price moves to or above this level, it would invalidate the current Elliott Wave count, suggesting a potential trend reversal. This level acts as a critical benchmark for traders to:
ConclusionThe AUDJPY Elliott Wave analysis on the daily chart supports a bearish outlook. The active progression of orange wave 1 within navy blue wave 3 suggests continued downward movement. However, traders should closely monitor the invalidation level at 102.424, as any breach could signal a trend reversal and challenge the bearish framework.Australian Dollar / Japanese Yen (AUDJPY) – 4-Hour Chart AnalysisAUDJPY Elliott Wave Technical Analysis
Analysis SummaryThe AUDJPY Elliott Wave analysis on the 4-hour chart indicates a bearish trend for the Australian Dollar against the Japanese Yen. This bearish outlook is driven by an impulsive wave structure, with orange wave 1 actively progressing within the broader navy blue wave 3.
Wave Analysis Details
Invalidation Level and Trading ImplicationsThe key invalidation level for this wave structure is set at 102.424. A rise in AUDJPY to or beyond this point would invalidate the current Elliott Wave count and could imply:
This level serves as a vital checkpoint for traders to confirm the strength and validity of the ongoing bearish trend.ConclusionThe AUDJPY Elliott Wave analysis on the 4-hour chart maintains a bearish perspective, with orange wave 1 within navy blue wave 3 continuing to drive downward momentum. However, the invalidation level at 102.424 is a critical threshold. Breaching this level would challenge the current bearish structure and indicate a potential shift in trend.Technical Analyst: Malik AwaisMore By This Author:
