AUDJPY – Buy action might continue higher withouth much rest
Trend: Strong Buy
Support/Resistance:
R3: 74.056
R2: 74.721
R1: 74.526
S1: 74.322
S2: 73.933
Price action:
In this case buyers have already reacted and show continuation in their way higher. Sellers are now holding below resistance level at 74.526. Once first resistance get changed to support by breaking method, then we can see potencial targets.
Potencial trade idea:
Bulls targets:
T1: 74.721
T2: 74.056
NOTE – We are trading AUDJPY via the preferred trading setups by EliteFxAcademy
Trend: Strong Buy
Support/Resistance:
R3: 74.056
R2: 74.721
R1: 74.526
S1: 74.322
S2: 73.933
Price action:
In this case buyers have already reacted and show continuation in their way higher. Sellers are now holding below resistance level at 74.526. Once first resistance get changed to support by breaking method, then we can see potencial targets.
Potencial trade idea:
Bulls targets:
T1: 74.721
T2: 74.056
NOTE – We are trading AUDJPY via the preferred trading setups by EliteFxAcademy