The AUDJPY is trending up and we are now looking for a pullback to enter this trade. This uptrend is driven by the recent interest rate decisions of the Reserve bank of Australia. Even though the interest rate was unchanged, the results were expected worse, which resulted in a bullish impulse on the chart.
I set a BUY LIMIT ORDER above the support 79.413 and set the SL below the next support 79.165. TP is set at the resistance 79.805. See the arrows for my graphical projection.