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
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.
Buy Limit order @ 82.637
TP 1 @ 83.124
TP 2 @ 83.382
Stop Loss @ 82.392
Trade Safely 🙂