AUD/JPY Potential Upward Movement

AUD/JPY Long-Term Trend: Bullish

Key Resistance Levels: 95.126, 95.895, 96.391

Key Support Levels: 93.599, 93.216, 92.617

Daily Chart:

The price on the higher time frame has recently been in an uptrend. It bounced back after testing a support level of 92.617  The pair has recently continued to break a trendline 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 with a demand zone and has sustained above that. As of now the pair has broken and retested a minor level of 93.599 before continuing the momentum.

Signal Idea:

Buy Stop Order @ 94.312

TP @ 95.076

Stop Loss @ 93.543

Trade Safely 🙂