AUDJPY Is Going Up! Long!

Take a look at our analysis for AUDJPY.

Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is trading around a solid horizontal structure 96.569.

The above observations make me that the market will inevitably achieve 97.144 level.

P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.

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Comment:

I am confident in this trade so I will keep it open!