AUD/JPY | Possible Bullish Continuation

AUD/JPY Long-Term Trend: Bullish

Key Resistance Levels: 83.244, 83.499, 83.716

Key Support Levels: 82.568, 82.474, 82.152

4-Hour Chart: There may be more upside on this one as we have seen a double bottom and may now be making a play upwards. The diagonal resistance line above may be the next place we see bears come in if we can climb from here.

AUD/JPY Medium-Term Trend:Bullish

30-minute Chart:

Since the double bottom, there seems to be a chance that we see further upside to at least the resistance levels of the wedge. We have already seen a bullish (a)-wave, a healthy pullback (b)-wave and may now be in the process of making a (c)-wave play.

Signal Idea:

Buy Limit order @ 82.637

TP 1 @ 83.124

TP 2 @ 83.382

Stop Loss @ 82.392

Trade Safely 🙂