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AUDJPY: Longs to 71.000?

Daily Time Frame: Starting on the daily we can see price broke above 70.000 a weekly psychological zone and is now testing as newfound support with long wick rejections to the downside.


4Hr Time Frame: Scaling down we can see an uptrend as price is creating higher highs and lows. If price manages to sustain above this 70.000 key support zone, then look to buy this up to 71.000 key psychological resistance. However, if price manages to break and close below 70.000 weekly support, we will then have to reevaluate price action. Due to the uncertainty of market fluidity, risk management is highly recommended.


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