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AUD/JPY Potential Upward Movement

AUD/JPY Long-Term Trend: Bullish

Key Resistance Levels: 94.80, 95.65, 95.89

Key Support Levels: 94.26, 93.97, 93.49

Daily Chart:

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

1-Hour Chart:

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.  

Signal Idea:

Buy Limit Order @ 94.36

TP 1 @ 94.89

TP 2 @ 95.42

Stop Loss @ 93.83

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

3 comments

  1. Hi Pat, the posted was made on 18 July 2022, all the chart are on 18 July 2022 instead of 20/07/2022. Could you please check.

  2. But the time we received the signal from you. The time to invest has already past. I only receive this free signal around 7.30pm (Malaysia Time). But thanks anyway.

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