Free Forex Signals and Forecast: Sell AUD/JPY – 7 Mar 2022
Forex News Today: Daily Trading News

Free Forex Signals and Forecast: Sell AUD/JPY – 7 Mar 2022

Our free forex signals service trade today is a sell order on the AUD/JPY. The cross is looking for a breakout amid a potential reversal in Aussie.

The AUD/JPY pair dropped after failing to reach 85.50, formerly high. In the short term, the buyers seem exhausted. That’s why I’m looking for new short opportunities. The Japanese Yen Futures rebounded, signaling that the JPY could appreciate against its rivals. Technically, the Yen Futures retreated a little in the short term, but it seems that the correction is over and that the rate could develop a new leg higher. The Japanese Yen could dominate the currency market if the Yen Futures jump towards new highs.

Are you interested in learning more about scalping forex brokers? Check our detailed guide-

The JPY tries to take the lead and appreciate against its rivals even if the Japanese Unemployment Rate surged unexpectedly from 2.7% to 2.8% on Friday. On the other hand, the Australian Retail Sales rose by 1.8%, matching expectations.

ANZ Job Advertisements 8.4%

Today, the ANZ Job Advertisements rose by 8.4% in February versus a 0.7% growth in January. Also, the Chinese economic data came in better than expected as well. Still, it remains to see if the Aussie will be strong enough to stay higher.

3 Free Forex Every Week – Full Technical Analysis

From the technical point of view, the AUD/JPY pair could develop a downwards movement if it stays within the descending pitchfork’s body and makes a new lower low.

Free forex signals – Sell AUD/JPY at 85.00

aud/jpy free forex signals

Free forex signals entry price, stop-loss, and take-profit

Instrument: AUD/JPY

Order Type: SELL STOP

Entry price: 85.00

Stop Loss: 85.51

TP1: 83.96

My Risk: 1%

Risk / Reward Ratio: 1:2

Looking to trade forex now? Invest at eToro!

68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money


Olimpiu Tuns

Olimpiu Tuns

Olimpiu Tuns graduated with a Master in Business Administration and is a seasoned Market Analyst / Trader / Trainer with 10 years of experience in the financial markets having expertise in Forex, Commodities, Index, Cryptocurrencies, and Stocks. He worked as a Market Analyst for three major brokerage companies, as a prop trader, and as a contributor/content creator for news portals and educational platforms.