AUD/JPY Potential Upward Movement

AUD/JPY Long-Term Trend: Bullish

Key Resistance Levels: 98.612, 99.302, 99.695

Key Support Levels: 97.648, 96.971, 95.892

Daily Chart:

The price on the higher time frame has recently been in an uptrend after it tested a support level of 93.791 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 96.971 and has sustained above that. As of now the pair has broken and retested a minor level of 97.648 before continuing the momentum. 

Signal Idea:

Buy Limit Order @ 97.787

TP @ 98.526

Stop Loss @ 97.040

Trade Safely 🙂