AUD/JPY Long-Term Trend: Bullish
Key Resistance Levels: 91.32, 91.03, 90.83
Key Support Levels: 91.98, 92.32, 92.68
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
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.
Buy Limit Order @ 91.51
TP @ 91.92
Stop Loss @ 91.24
Trade Safely 🙂