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InvestingScope
Nov 11, 2019 11:39 AM

AUDJPY: Buy opportunity on the 1D MA50. Long

Australian Dollar/Japanese YenFXCM

Description

The pair has been trading within a 1D Channel Up (RSI = 55.246, MACD = 0.410, Highs/Lows = 0.0000) since the August bottom. Last Friday we got a rejection on the 1D MA200 similar to what happened in April, so that requires attention. As long as the Higher Low zone (green shape) holds, the 1D MA50 (blue line) should support then next Higher High on the 76.150 Resistance, which is our Target.





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