TheAlaskanTrader

AUDJPY Outlook for next week

Panjang
FX:AUDJPY   Dolar Australia / Yen Jepun
A bullish hammer is forming with the trend, appears any lower prices are being rejected. My first TP (83.00) is within reach but may not be reached today. I think next week we will see price breakthrough the immediate resistance at 83.00 area and head higher, hopefully it will retest that 83.00 level and with price action confirmation I will enter a new long position there. In a perfect world I see price going all the way up 84.4 which is a major level that has acted as both support and resistance all the way back to May '17, what happens at that area whos knows, cross that bridge when we get there. If anybody has a better idea let me know because I hate losing money.
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