AUDJPY in an overall uptrend has more than enough room to rally beyond 81.000 as price just turned previous resistance to support. Last impulse move was from the resistance level and is yet to test the ascending channel support line...
If price breaks out to the downside, a pullback to the 79.750 region would make an appropriate entry point if daily close both under the ascending channel support line and the 79.700 resistance level...
Stops at 80.305 and first and second targets at 79.000 and 78.000 respectively.
N.B. Analysis is subjective, individual analysis adviced.
If price breaks out to the downside, a pullback to the 79.750 region would make an appropriate entry point if daily close both under the ascending channel support line and the 79.700 resistance level...
Stops at 80.305 and first and second targets at 79.000 and 78.000 respectively.
N.B. Analysis is subjective, individual analysis adviced.