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 🙂