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Comparic

AUDJPY on the edge of Kumo

Long
Australian Dollar / Japanese Yen (FX:AUDJPY)  
Comparic  
FX:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Support and Resistance AUDJPY audjpylong ichimokukinkohyo ichimokuforex kumo kumocloud
2
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trendanalysis supportandresistance audjpy audjpylong ichimokukinkohyo ichimokuforex kumo kumocloud
On the H4 chart we can see, that AUDJPY came back above bullish Kumo cloud. Currently it is sliding on the Chikou Span A line. If in this place there will be any buy signal showing up, we can open long position with the target on the resistance in the 86.10 area. We have to be careful about Chikou Span line. Currently it is below the price and it doesn’t look like this situation should change in near time. We cannot open longs in these conditions.
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