EliteFxAcademy

AUDJPY might be a good trend confirmation

FX:AUDJPY   Australian Dollar / Japanese Yen
AUDJPY broke out from longterm channel movement yesterday on 26th of May, 2020 and did around 1,7% daily average movement. We got new Higher High which is not proved yet, but this might be a very god sign to move in trend idea. We got first trend confirmation, but right now we have to see if sellers are out of gas (liquidity) and test new support levels. We can also expect second sellers reaction at channel test, but if they fail, we are highly recommend this analysis for first moving trend confirmation after last crash covid-19.

Buyers advantages:
strong volume
break out from channel
first trend sign
new strong support level
new higher high

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thank you so much
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