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Mihai_Iacob
Jan 11, 2023 4:49 AM

AudJpy- A really beautiful chart suggeting a rise to 95 Long

AUD/JPYOANDA

Description

In my video from Saturday, I discussed that traders should look very closely at Jpy pairs because a resumption of the long-term bullish trend could have started, and on my Monday written analysis I draw attention to AudJpy that was on the verge of an upbreak above double bottom's neckline.
This, indeed, happened and this break is also confirmed at this moment.
Continuation to the upside is probable at this moment and, after a clear break above the falling trend line's resistance, the pair could reach the 95 zone.
93 is also a resistance level that you should be aware of if, indeed, we continue to the upside.
A drop back under the broken level would negate this bullish scenario.

Comments
FOREXN1
Bravo , I have same View here !
Lingrid
I also think this is a good entry point
Dlphdavis
@Lingrid are you no longer short on this pair?????
DeGRAM
Thank you for sharing your analysis.
melikatrader94
Cool idea Strong set-up on the chart, I think the chance of luck is high , by the way, you ROCK it
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