mrmyers3133
Long

AUD/JPY Long & Short Ideas

FX:AUDJPY   Australian Dollar/Japanese Yen
If the price breaks the channel at 79.105 expect it to go down to "Support Level" at 78.943.It may continue going down, but the price could retrace off the "Support Level"and retrace off the previous channel.But if the price breaks the channel at 79.365 excpect price to continue on an uptrend,But the price could also retract off the channel and go back down to the "Support Level". I think the price will break the resistance level by the end of the day.
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