AUDJPY: Bullish Technical Analysis

In the short term, it might be interesting to follow the AUDJPY pair on intraday charts. If we look at 1H time frame, the trend is bullish and should somehow manage to reach the area around 94. With this in mind, a "buy the dip" should be the correct interpretation.

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Comment:

Trade closed: target reached:

Chart:

Comment:

Trend is still bullish

Trade closed: target reached:

Target 2 hit !

Comment:

🔴At the moment the trend still remains bullish, but the pair seems to want to form a cap (temporary?) around our Target 2. If we look up, we have a resistance area around 95.50 and potential Target 3 at 96.30. At the moment the supports are quite far away on intraday chart (dashed trendline) and from our point of view, the daily closure will be very important.
📊Chart:

Comment:

Trade closed: target reached:

Target hit!

Comment:

It's still bullish...