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AUD/JPY Potential Upward Movement

AUD/JPY Long-Term Trend: Bullish

Key Resistance Levels: 95.225, 95.762, 96.236

Key Support Levels: 94.851, 94.021, 93.347

4-Hour Chart:

The price on the higher time frame has been in an uptrend recently after it tested a support level of 94.786 and bounced back. The pair has continued to break a few resistance levels which suggests further trend continuation.  

AUD/JPY Medium-Term Trend: Bullish

30-Minute Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke a consolidation zone of 93.347 and 94.021 and has sustained above. As of now the pair has broken and retested a minor level of 94.851 before continuing the momentum.

Signal Idea:

Buy Stop Order @ 94.990

TP @ 95.185

Stop Loss @ 94.795

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.

One comment

  1. Kennedy Mungwila

    Thanks very much

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