AUD/JPY is a pair I have been trading a lot recently, with good success. My long term bias for this pay is bullish and breaking down price action I think we are looking to create a new Higher High however I think a safe target is the 88.000 monthly key level.
Although my bias is strongly bullish for the upcoming week, for an entry I must see a retracment on the lower time frames coinciding with some rejection to enter long. I have a few potential long set-ups on this pair however I will watch it carefully for the perfect entry on the hourly chart!
Although my bias is strongly bullish for the upcoming week, for an entry I must see a retracment on the lower time frames coinciding with some rejection to enter long. I have a few potential long set-ups on this pair however I will watch it carefully for the perfect entry on the hourly chart!