64.75 (Trend, Fib) -Range Bottom. 61.25 (Fib, SMAs, Pivot) The trends that have developed in the currency over the past week are all pulling back heading into the weekend. For AUDJPY, there has been no clear burgeoning trend € but volatility has been a big player. From the docket, there is a modest threat from the RBA minutes and BoJ rate decision, but they will likely offer little of value. The real concern with this pair is risk trends.. Scheduled event risk from either side of the market is very low. However, the potential for these trends to be revived or new breakouts to develop is high; so our AUDJPY setup comes with considerable risk.

Placing A AUDJPY Range Trade Around the Weekend is a Matter of Risk Appetite As the week draws to a close, many of the young trends that were developed over the past few sessions have started to pull back from their respective highs and lows to ease technical pressure into the weekend.