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 🙂