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Worth_The_Ri5k
Jul 22, 2020 11:33 AM

Will we see the Australian dollar gain strength vs the JPY? 

Australian Dollar/Japanese YenFXCM

Description

The monthly is looking interesting to me here.

-Broken out of a possible demand zone
-Clearly broken downtrend on the RSI and stoch 1M and starting to look positive for a swing

I think its logical that AUD JPY has a attempt to go to 80 cents here at least.

This is not a call to say buy now it will go up with a instant 10% increase lol..

It can pump but looks like it needs more retracement. IF we can find support on one of the blue order/demand zones and other technical analysis supports it then i will consider a trade at the moment i would prefer to get a good entry.
Comments
Dave-FX-Hunter
very possible
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