AUD/JPY Long-Term Trend: Bullish
Key Resistance Levels: 92.91, 93.11, 93.47
Key Support Levels: 92.51, 92.34, 92.19
The price on the higher time frame has been in an uptrend recently after it broke a resistance level of 91.52 with good momentum. The pair did a pullback and found support at the 91.99 level. It is continuing the move now which shows bullish bias.
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 92.19 and 92.34 and sustained above that. Recently the pair has broken and retested a minor level of 92.51 before continuing the momentum.
Buy Limit Order @ 92.66
TP @ 93.04
Stop Loss @ 92.47
Trade Safely 🙂