AUD/JPY Strong Uptrend Continues Above 87.00

2 min read
tarantula fx

tarantula fx

Head of Trading

AUD/JPY Technical Analysis

  • The break above W H4 is possible
  • W H5 is the target
  • W H3 is interim support

4H Chart AUD/JPY

  1. Swing 1
  2. Swing 2
  3. Swing 3
  4. Start of breakout
  5. Target

The AUD/JPY is bullish. Positive tones are surrounding the Ukraine-Russia crisis right now and we see the risk-on scenario. Markets are bullish and equities are going up. The AUD/JPY is bullish and we should see a continuation of the bullish trend above 87.00 The final target is 87.63. Buying the dips continues.

Good trading,
Nenad Kerkez

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