AUD/JPY Potential Upward Movement

AUD/JPY Long-Term Trend: Bullish

Key Resistance Levels: 85.36, 85.92, 86.78

Key Support Levels: 84.60, 83.92, 83.51

Daily Time-frame:

The price on the higher time frame has been moving in a structural upwards trend recently. The pair has continued to move upwards and broken a resistance level of 84.09 with good momentum and the price is sustaining above that level.

AUD/JPY Medium-Term Trend: Bullish

1-Hour Time-frame:

On the lower time frame, the price has shown a similar structural uptrend as the daily time frame. After a regular run, the pair did a retracement to the support level of 83.78 and bounced back from that level again.

Signal Idea:

Buy Stop Order @ 85.16

TP 1 @ 85.62

TP 2 @ 86.09

Stop Loss @ 84.70

Trade Safely 🙂