AUD/JPY is rising towards the pivot and could drop to the 1st support.
Pivot: 96.78
1st Support: 95.71
1st Resistance: 97.49
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Also on:,# Market Analysis: AUD/JPY Movement and Technical Levels
## Key Points
– **Current Trend**: The AUD/JPY is experiencing an upward trajectory, approaching the pivot point.
– **Technical Levels**:
– **Pivot Point**: 96.78
– **1st Support Level**: 95.71
– **1st Resistance Level**: 97.49
– **Risk Considerations**: The article highlights the inherent risks associated with trading Forex and CFDs, emphasizing the importance of investing only what one can afford to lose.
– **Warning on Suitability**: It is noted that trading these instruments may not be suitable for all investors, urging potential traders to fully understand the risks involved.
## Closing Thoughts
The AUD/JPY’s movement towards the pivot point suggests potential volatility in the near-term future. With resistance looming at 97.49, it’s crucial for traders to remain cautious and aware of the possible drop to the 1st support level at 95.71. Given the risks associated with Forex and CFD trading, alongside the critical need for properly assessed investments, one should proceed with a careful and informed strategy to navigate this market effectively.
Disclaimer. The opinions expressed by our writers are their own and do not represent the views of JustInvestNews . The financial and market information provided on JustInvestNews is intended for informational purposes only. JustInvestNews is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Original article: https://www.tradingview.com/chart/AUDJPY/nvNYsDlv-Potential-bearish-drop/
