AUDJPY - Welcoming new region of buyers !

3 weeks ago, buyers tested supply zone (84.315-83.739) and pushed back by sellers. This making AUDJPY dropped 3.54%. But then, once again, buyers show their dominance by regaining their buying powers again and give order flow to market on the dynamic moving average (82.080) and lifted price up again.

Now, finally, the buyers laid their foot again in territory 83.74-86.18. What I see is AUDJPY still strong bullish. This trend still lasting and can move further in near mid term period. Traders can go long for this currency. Observe all support (horizontal or dynamic ones) and ride this trend.

One idea for me is, waiting for a pushback near, at or inside new support zone (84.32-83.8). Once price go over there, see if there's signs buyers give their order flow again to market. Then, at that time, ride market with them.

So, good luck.