Get started
trendtrader

AUDJPY Long Position Continuation In Near Term

Long
Australian Dollar / Japanese Yen (FX:AUDJPY)  
trendtrader  
FX:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Chart Patterns AUDJPY audjpylong audjpyanalysis audjpyidea audjpynews audjpybuy audjpyforecast audjpytrade audjpylongsetup
4
1
trendanalysis chartpattern audjpy audjpylong audjpyanalysis audjpyidea audjpynews audjpybuy audjpyforecast audjpytrade audjpylongsetup
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.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.