AUD/JPY Long-Term Trend: Bullish
Key Resistance Levels: 84.95. 85.45, 86.00
Key Support Levels: 84.37, 83.87, 83.17
The price on the higher time frame was in a clear uptrend where it managed to break the daily resistance around the 84.37 USD mark. A lower correction has been posted toward the new daily support (previously resistance). After this move, we are expecting further movement to the upside in the same direction of the main trend.
AUD/JPY Medium-Term Trend: Bullish
On the 1-hr time frame, the coin succeeded to break the flag formation to the upside, and it broke the resistance around the 84.37 USD level. We are expecting a slight retracement to the new support (previously resistance) and then a move to the upside toward our target profit.
Buy Limit Order @ 84.53
TP 1 @ 84.94
TP 2 @ 85.45
Stop Loss @ 84.34
Trade Safely 🙂