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AUD/JPY Potential Upward Movement

AUD/JPY Long-Term Trend: Bullish

Key Resistance Levels: 85.06, 85.72, 86.25

Key Support Levels: 83.68, 82.95, 82.32

Daily Time-frame:

The price on the higher time frame has been trading in a range and was facing resistance at 84.09 we see that resistance has been broken. There is good momentum in price and we expect the bullishness to continue.

AUD/JPY Medium-Term Trend: Bullish

1-Hour Time-frame:

On the lower time frame, the price has moved in a structure-wise formation in the major trend’s direction. After breaking a range of 83.89, the price has shown good momentum. There is a support level at 84.16 and the price has retested that level and continued the move.

Signal Idea:

Buy Limit Order @ 84.46

TP 1 @ 84.89

TP 2 @ 85.30

Stop Loss @ 84.04

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

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