trendtrader

AUDJPY Long Position Continuation In Near Term

Long
FX:AUDJPY   Australian Dollar / Japanese Yen
As can be seen in the chart above, AUDJPY is following the trend line very well, and I expect the uptrend to continue in the near term. I feel it will test the next resistance level of 69.800, which is where I have kept my take-profit level. There may be some volatility in the pair because of the upcoming CPI news announcement for AUD, but nonetheless, I feel that the strong uptrend will continue and test the 69.800 levels.

Comments

Anyone else feel the continuation of the uptrend for AUDJPY will persist?
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