FxWirePro

Strong support for AUD/JPY at 86.20, good to buy dips

Long
FX:AUDJPY   Dollar australien/Yen japonais
AUD/JPY has been trading within a rising channel since Sept 2015

The pair has held baseline support in Friday's trade and edged higher, retrace upto 87.94 (38.2% Fib of 90.72-86.21 fall) likely

RSI on 4H is at 45 and has room to run, Stochs have also rolled over from oversold levels, further gains likely

On daily charts, price action has edged above cloud top at 86.97, with next hurdle on the upside aligned at 87.42 (5 DMA), and immediate minor support at 86.50 and then at 86.20

Recommendation: Good to buy dips around 86.70, SL: 86.20, TP: 87.90
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.