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100D EMA+ Broken resistance= BUY if 78.25 holds

Long
Australian Dollar / Japanese Yen (OANDA:AUDJPY)  
TraderAvDM Updated   
OANDA:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Chart Patterns Beyond Technical Analysis audjpylong audjpysignal audjpyanalysis audjpyidea audjpydaily audjpylongsetup audjpynews audjpybuy
13
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trendanalysis chartpattern beyondta audjpylong audjpysignal audjpyanalysis audjpyidea audjpydaily audjpylongsetup audjpynews audjpybuy
After months of consolidation, AUDJPY broke out of the range last week and currently it's pulling back.

I have indicated the resistance with an orange line. Right now price is retesting the line.

Also,we have the 100D EMA around 79.30 which can support the price.

If AUDJPY manages to bounce back up from this line, it would be good for traders to BUY between 79.30-79.50 with SL below
79.20. TPs can be set at 80 and 80.61 respectively for such trades.

For more signals, ideas, and analysis, check out my signature at the bottom of this page.
Order cancelled:
Price broke 79.25
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