AUDJPY - Bullish Tomorrow When Market Open?

AUDJPY

Looking at the AUDJPY chart and market structure on daily and weekly, I see clear signs that it will buy for this new trading week we are entering to.

Price took out sell-stops at old lows taking out buyers.

Price then proceeds further down to grab liquidity at the old swing high below, which is a breaker block.

Price reacts to the old high, closing far above it and above the fair value gap above it.

Price has clearly shown its hand that it's now ready to move higher for the new trading week.

We have a fair value gap and old highs above serving as our draw on liquidity.

Hence, I expect price to be bullish when the market opens for the new trading week.

Comment:

Bullish according to my prediction