AUD/JPY Potential Upward Movement

AUD/JPY Long-Term Trend: Bullish

Key Resistance Levels: 98.628, 99.210, 99.798

Key Support Levels: 97.642, 96.867, 96.250

Daily Chart:

The price on the higher time frame has recently been in an uptrend. It bounced back after testing a support of 93.791 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 96.867 and has sustained above that. As of now the pair has broken and retested a minor level of 97.642 before continuing the momentum.

Signal Idea:

Buy Limit Order @ 97.875

TP @ 98.581

Stop Loss @ 97.167

Trade Safely 🙂