Mihai_Iacob

AudUsd to resume its uptrend

Long
Mihai_Iacob Updated   
FX:AUDJPY   Australian Dollar / Japanese Yen
After the high made on the 20th of March started to correct, this correction continued into May and on the 17th of May, we have a bottom and reversal.
Yesterday the pair has broken above an important confluence resistance and at this point, we can consider that the pair is resuming its long-term uptrend.
91 zone should provide support now and in this zone, traders should look for opportunities to buy.
94 is a decent profit target and negation comes if we have a break under support
Comment:
The comment and the chart are for AudJpy.
Sorry, but is too late to edit now

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