AUDJPY: Key Levels & Your Trading Plan 🇦🇺🇯🇵

Panjang

Dolar Australia / Yen Jepun (OANDA:AUDJPY)

OANDA:AUDJPY Dolar Australia / Yen Jepun

Chart Patterns Parallel Channel Support and Resistance AUDJPY australiandollar yen japaneseyen jpy

chartpattern parallelchannel supportandresistance audjpy australiandollar yen japaneseyen jpy

snapshot

AUDJPY is stuck within a narrow horizontal trading range.
82.8 is its resistance.
82.0 is its support.

Depending on the side of a breakout of the range I see two potential scenarios:

If bears violate and close below the support of the range,
I will expect a bearish continuation to 81.4 - local structure low.
If bulls break and closed above an upper boundary of the range,
I will expect a bullish movement to 84.0 level - key structure resistance.

Wait for a breakout & follow the market.

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Idea Berkaitan

about USDJPY 22

about EURUSD 10

Penafian

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