Candlestick_OB

AUDJPY: Possible upward continuation

Pembelian
FX:AUDJPY   Dollar Australia / Yen Jepang
The AUDJPY currency pair has rebounded after touching a yearly ascending trendline on the weekly chart. Current indicators suggest that the uptrend is still intact, but a price level of 91.10 must be surpassed for confirmation.
On the 4-hour chart, the price is moving above the 100 and 200 moving averages and forming higher peaks within an ascending channel. The price has now reached a support area due to touching the ascending trendline and the 23.6% Fibonacci retracement level of the 100 moving average.

The expectation is that the price will continue to rise beyond the current resistance level.

----------------
Please share your thoughts in the comments and support the idea by liking it. Follow us for more trading ideas. Your support is appreciated.

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.