Breaking News

AUD/JPY Potential Upward Movement

AUD/JPY Long-Term Trend: Bullish

Key Resistance Levels: 84.636, 84.990, 85.200.

Key Support Levels: 84.247, 83.975, 83.800.

1-Hour Time Frame:

The price on the higher time frame failed to continue its move to the downside below the 83.240 JPY mark. A huge bullish bar has been posted showing that the buyers are in control of the market. This will lead to a reversal and a move to the upside in the coming hours.

AUD/JPY Medium-Term Trend: Bullish

10-Mins Time Frame:

On the lower time frame, the buyers succeeded to break the bearish trend line to the upside after a double bottom formation. A lower correction has been posted to the support level to bring back liquidity before a new bullish impulsive wave toward the target profits.

Buy Market Order @ 84.284

Target Profit 1 @ 84.636

Target Profit 2 @ 84.990

Stop Loss @ 83.932

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download My Free Robot

Get your Robot Now!






Free Robot!