AUDJPY 4hour Analysis September 13th, 2020
AUDJPY Long idea
This pair is significantly bullish on major timeframes and we will continue with the overall bullish trend.
Current price action is at key resistance at 77.500 & we’re looking for a clean break and retest before we enter long. Ideally we want to see a higher low above 77.500 with strong bullish setups. Target higher toward prior highs and negative fib levels.
If we see a reversal at 77.500 with some 4hour lower high it is likely that price action will push lower toward support at 76.550. We will re analyze if and when this happens.
This pair is significantly bullish on major timeframes and we will continue with the overall bullish trend.
Current price action is at key resistance at 77.500 & we’re looking for a clean break and retest before we enter long. Ideally we want to see a higher low above 77.500 with strong bullish setups. Target higher toward prior highs and negative fib levels.
If we see a reversal at 77.500 with some 4hour lower high it is likely that price action will push lower toward support at 76.550. We will re analyze if and when this happens.
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