AUD/JPY Potential Upward Movement

AUD/JPY Long-Term Trend: Bullish

Key Resistance Levels: 99.512, 99.882, 100.236

Key Support Levels: 98.563, 97.801, 97.129

Daily Chart:

The price on the higher time frame has been in an uptrend recently after it tested a support level of 93.949 and bounced back. The pair has continued to break a few resistance levels which suggests further trend continuation.

AUD/JPY Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke a key level of 97.801 and has sustained above that. As of now the pair has broken and retested a minor level of 98.563 before continuing the momentum.

Signal Idea:

Buy Stop Order @ 98.951

TP @ 99.442

Stop Loss @ 98.460

Trade Safely 🙂