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AUD/JPY Potential Upward Movement

AUD/JPY Long-Term Trend: Bullish

Key Resistance Levels: 92.91, 93.11, 93.47

Key Support Levels: 92.51, 92.34, 92.19

1-Hour Chart:

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

5-Minute Chart:

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.

Signal Idea:

Buy Limit Order @ 92.66

TP @ 93.04

Stop Loss @ 92.47

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.

8 comments

  1. Can you please tell me how get signal by own in crypto

  2. Hey is this stup still valid?thank

  3. this signal has hit the stop loss

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