AUDJPY - Bullish Momentum to Resume?

I see an opportunity to buy this pair based on a confluence of bullish rejection of the 1.0 Fibonacci level as well as a trendline break of the resistance line of the current bearish movement.

The first target is the 61.8 Fibonacci level. The extended target is slightly below the D1 trendline and creeping into the 50 fibonacci level.

The stop loss is a few pips below the 1.0 level which also serves as the previous monthly low for September.

Comment:

Almost a TP1

Comment:

Target 1 has been hit. Moving stop loss to break even

Trade closed: stop reached:

Trailing stop loss has been hit. Collected half profits on this trade.