ForexLeague

AUDJPY 4hour Analysis August 16th, 2020

Long
FX:AUDJPY   Australian Dollar / Japanese Yen
AUDJPY Long idea

This pair has been in a very strong 4hour bullish trend and is currently at a major monthly zone.

We’re going to continue with the bullish trend and look for long opportunities above this zone.

Look for a significant break and retest of 76.700 with strong bullish setups to enter on. Target higher toward significant resistance levels.

For us to consider short opportunities we want to see a break of major support around 76.000 with confirmed lower highs below. Target lower toward major support levels

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