CapitalHillFX

AUDJPY Possible Buy Setup

Long
OANDA:AUDJPY   Australian Dollar / Japanese Yen
AJ has finally broken out of it's downtrend and recently violated some significant market structure. We've had a bullish impulse past a major support/resistance level.

On the smaller time frames, I've scoped out a significant level where price could possibly react with as well. I'll monitor where and how price retraces back to the level to determine the validity. Let's see if we could get a pullback.

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