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AUD/JPY Potential Upward Movement

AUD/JPY Long-Term Trend: Bullish

Key Resistance Levels: 91.32, 91.03, 90.83

Key Support Levels: 91.98, 92.32, 92.68

1-Hour Chart:

The price on the higher time frame has recently bounced from a support level of 90.96 after reversing the direction. It has broken a resistance level of 90.96 with good momentum which shows signs of bullish momentum.

AUD/JPY Medium-Term Trend: Bullish

5-Minute Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke a consolidation zone of 90.83 and 91.03 and has sustained above that. As of now the pair has broken and retested a minor level of 91.32 before continuing the momentum.

Signal Idea:

Buy Limit Order @ 91.51

TP @ 91.92

Stop Loss @ 91.24

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.

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