AUD/JPY forms bullish Gartley pattern, good to buy at dips
Harmonic pattern formed- Bullish gartley pattern
Potential reversal Zone (PRZ)- 85.20
The pair has made a high of 86.88 on Friday and started to retreat from that level. Overall trend is still bullish as long as support 85 holds.
On the downside any break below 85 will drag the pair further down till 84/83.35.
The pair’s short term resistance is around 86.31 and break above targets 87/87.50.
It is good to buy at dips around 85.35-40 with SL around 84.90 for the TP of 86.80/87.40
Potential reversal Zone (PRZ)- 85.20
The pair has made a high of 86.88 on Friday and started to retreat from that level. Overall trend is still bullish as long as support 85 holds.
On the downside any break below 85 will drag the pair further down till 84/83.35.
The pair’s short term resistance is around 86.31 and break above targets 87/87.50.
It is good to buy at dips around 85.35-40 with SL around 84.90 for the TP of 86.80/87.40