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AUDJPY: Longs to 72.500!


Daily Time Frame: Higher time frame is breaking levels with signs of higher highs and lows. Notice above how price has violated 71.000 psychological zone and has tested as newfound support. Price is looking bullish and as long as it holds this momentum, we can see 72.250 weekly resistance.

 

4hr Time Frame: Scaling down we can see price breaking daily swing highs. If price can pull back, then look to buy this to 72.250. However, if price violates this zone, hold for a better opportunity at 71.000 support. Due to the uncertainty of market fluidity, risk management is highly recommended.

 

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