AUD/JPY The Scope for the Next Target is Open

2 min read
tarantula fx

tarantula fx

Head of Trading

AUD/JPY Technical Analysis

  • Uptrend continues
  • Good R:R
  • M H3 is the next target
  • 93.42 needs to break
  • Buying on the dips

Daily Chart AUD/JPY

  1. Low
  2. Double top
  3. Higher low
  4. Entry zone
  5. Target

The AUD/JPY is having an uptrend. A move straight off the zone should be lasting for at least intra-week. I have 2 entries 93.00 and 93.40 targeting 94.13 and possibly 95.33. Watch for the breakout and the move further up. Equities might follow up, namely the SNP500.

Good trading,
Nenad Kerkez

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