AUD/JPY Long-Term Trend: Bullish
Key Resistance Levels: 95.143, 95.402, 95.898
Key Support Levels: 94.800, 94.311, 93.921
The price on the higher time frame has been in an uptrend recently after it tested a support level of 92.836 and bounced back. The pair has continued to break a few resistance levels which suggests further trend continuation.
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 93.921 and 94.311 and has sustained above that. As of now the pair has broken and retested a minor level of 94.800 before continuing the momentum.
Buy Stop Order @ 94.938
TP @ 95.114
Stop Loss @ 94.762
Trade Safely 🙂