AUD/JPY Long-Term Trend: Bullish
Key Resistance Levels: 94.80, 95.65, 95.89
Key Support Levels: 94.26, 93.97, 93.49
The price on the higher time frame has been trading in an uptrend for the last few months and it was showing good momentum. Recently the pair did a pullback and found support at the 91.64 level and bounced back from there. The trendline is also broken which indicates trend continuation.
AUD/JPY Medium-Term Trend: Bullish
On the lower time frame, the pair is moving in the major trend’s direction. The price has been showing good momentum and has maintained the trendline which indicates a bullish trend. The pair broke and retested the level of 93.97 before continuing the momentum.
Buy Limit Order @ 94.36
TP 1 @ 94.89
TP 2 @ 95.42
Stop Loss @ 93.83
Trade Safely 🙂