83.60 has acted as a strong resistance for AUDJPY. I feel that bulls will again take a shot at this resistance level from the lows of today at around 83.29. PT/SL of 10 pips. I expect the bulls to take out the resistance so i expect the continuation of the trend so after hitting the PT, move the SL to PT and then give a try for further upside. I think good place to exit would be 83.55
Trade closed: target reached:
Nice 10 pip reaction. Exited half of my positions. Moved SL to breakeven for the rest. Now waiting for it touch the 83.60 resistance