AUDJPY in a Falling wedge.

AUDJPY - Short term - We look to Buy a break

Price is in a falling wedge bullish pattern
Posted a Triple Bottom formation.
Previous resistance located at 74.32.
A break of 74.32 is needed to confirm follow through bullish momentum. Bullish divergence is expected to support prices.
The 50% Fibonacci retracement is located at 75.36 from 76.52 to 74.20.
Risk/reward is ample to call a buy trade.

Our profit targets will be 75.36 and 75.50

Resistance: 74.32 / 74.46 / 75.36
Support: 74.32 / 74.20 / 74.17

Trade ist aktiv

Trade geschlossen: Ziel wurde erreicht:

Profit taken at 74.800 area.