FxWirePro
Long

AUD/JPY faces resistance 85.13, break above targets 87.25

FX:AUDJPY   Australian Dollar / Japanese Yen
239 2 4
AUD/JPY             recovers after making a low of 82.11 and has made a high of 85.125. it is currently trading at 85.02.

Intraday weakness can be seen only below 84.50 and any break below targets 84/83.25 in short term.

On the higher side major resistance around 85.13 and break above would extend gains till 87.25.

It is good to buy only above 85.13 with SL around 84.50 for the TP of 87.20

is this trade still valid?
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Nice setup. I think price will go down until 84.41 and than rally up or fall more deeply before the rally.
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