Hello Traders, welcome to the Daily Forex technical analysis
. Today is October 22nd , 2019 and we will be taking a look at the Australian Dollar
against the Japanese Yen
. Looking at the 1 hour time price action is nearing it's previous area of support at the 74.3 region. If we can touch this support area
and hold it and not break below our stop loss we will be looking for an opportunity to enter the market long. Entry for a Long position near the 74.342 area, with a Stop Loss near the 74.172 region, and target profit level area of 74.732 to possibly ensure a profitable trade with a 2.29 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!