D1 - Bullish trend pattern followed by a pullback. Price respected a strong support zone and is currently bouncing higher. No opposite signs. H1 - Bullish trend pattern. Currently it looks like a pullback is happening. Until the two strong support zones hold my short term view remains bullish here.
As we all know that Japan did not increase its interest rates and still holding -0.10% interest rate. So in this matter, I believe Japanese Yen will remain weak next week, it will be better to buying it on every single support level.
The market of AUDJPY has breakout its descending trend line and giving us an opportunity to buy it. I believe it will rise more.
AUDJPY is still remain bullish, better to it on Demand zone to buy for handsome gain, but rejection is compulsory to buy it.
Please do your own analysis as that's my take on it. I just opened a buy on AUDJPY. I've setup a first, second and third TP.
AUDJPY looks to be a long term buy on the daily time frame and it will probably test a few resistances again that were set a long time ago. So for now AUDJPY remains a big buy! What would validate a sell? Well a break of the lower range and a break of the previous resistance that just has been broken will validate a sell. So either hop on the bull train or have...