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AUD/JPY Potential Upward Movement

AUD/JPY Long-Term Trend: Bullish

Key Resistance Levels: 94.558, 95.496, 95.872

Key Support Levels: 93.288, 92.657, 92.079 

Daily Chart:

The price on the higher time frame has recently been in an uptrend. It tested a support level of 89.766 and bounced back. The pair has broken 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 area recently to shift the short-term trend to bullish. As of now the pair has broken and retested a minor level of 93.288 before continuing the momentum.

Signal Idea:

Buy Limit Order @ 93.829

TP @ 84.517

Stop Loss @ 93.135

Trade Safely 🙂

This trading signal is not financial advice, it is only education, and our opinion. Any trade you take is your decision. Trade safely.

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About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

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