AUD/JPY Long-Term Trend: Bullish
Key Resistance Levels: 85.06, 85.72, 86.25
Key Support Levels: 83.68, 82.95, 82.32
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
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.
Buy Limit Order @ 84.46
TP 1 @ 84.89
TP 2 @ 85.30
Stop Loss @ 84.04
Trade Safely 🙂