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ThinkingAntsOk

AUD/JPY Waiting for a Breakout by ThinkingAntsOk

Long
Australian Dollar / Japanese Yen (FX:AUDJPY)  
ThinkingAntsOk  
FX:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Support and Resistance Multiple Time Frame Analysis aud jpy AUDJPY LONG Bullish Patterns analysis setup
11
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trendanalysis supportandresistance mtfa aud jpy audjpy long bullish analysis setup
🔸 DAILY CHART EXPLANATION:
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🔸Price broke the Descending Trendline.
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🔸It is now facing the Resistance Zone.
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🔸If we see a breakout here, the next bullish target is the Resistance Zone at 0.80500. If price bounces, then we will consider a downside move towards the broken Trendline.
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🔸 Will look for a lower timeframe setup.

🔸 4H CHART ANALYSIS:

snapshot

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