AUDJPY Long idea
This pair is significantly bullish on major timeframes and we will continue with the overall bullish trend.
Current price action is at key resistance at 77.500 & we’re looking for a clean break and retest before we enter long. Ideally we want to see a higher low above 77.500 with strong bullish setups. Target higher toward prior highs and negative fib levels.
If we see a reversal at 77.500 with some 4hour lower high it is likely that price action will push lower toward support at 76.550. We will re analyze if and when this happens.