The (AUDJPY) has gained more than 200 pips from Tuesday’s low, and is now forming a weekly Hammer just a few days’ volatility from the 2022 high.  Odds are elevated that the AUDJPY will want to consolidate the balance of June near its current 23.6% Fib retrace of the slide from the Oct 2007 high to the Oct 2008 low (as seen on tradingview.com).  The soonest the AUDJPY retests the psychologically key 100 whole figure level is likely July.  The BoJ’s monetary policy statement, policy rate and press conference Friday, along with Powell’s comments Friday morning EST and any signs of escalation or ceasefire in the Ukraine-Russia conflict should also be closely monitored.  Congratulations to Premium Members alerted Mar 3, 2022 to the completing of the consolidation that began Jun 2021.  The weekly RSI, Stochastics and MACD are rallying or consolidating recent gains, but weighed by the daily MACD which is attempting to negatively cross.  I am looking to enter long in the green zone (of the daily chart), targeting the red zone for Wednesday.  The amber/yellow zone is where I might place a stop if I was a swing trader (although in my personal account with which I seldom hold overnight I sometimes set my stops tighter).  Click here for analysis on EURJPY, NASDAQ100

AUDJPY Weekly/Daily/4hr

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