This is a long-term trade. The AUD/JPY pair is in an upward trend at the moment currently being supported at the 83.5 level. I look for the pair to continue moving upward to the next resistance point around the 84.5 level. Be aware of any BOJ announcements while holding this position, otherwise happy trading!
Comment:
Keep an eye on upcoming AUD news, if it's bad, the price could break the support and move downward to the bottom support line. To be careful, take profits ahead of time and wait for the news to break.