Buy AUDJPY - Broken out of the channel formation

FX:AUDJPY   Australian Dollar / Japanese Yen
Trade Idea

Broken out of the channel formation to the upside.
There is scope for mild selling at the open but losses should be limited.
Bespoke support is located at 74.85.
Further upside is expected although we prefer to set longs at our bespoke support levels at 74.85, resulting in improved risk/reward.
Expect trading to remain mixed and volatile.

We look to Buy at 74.85
Stop: 74.55
Target 1: 75.70
Target 2: 76.10

Check the video for a full breakdown on the setup in the relataed ideas
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