Medium term forecast for the AUD/JPY pair using technical analys

AUDJPY presents an upward trend after generating a new trend based on the PVSRA reading, after breaking the EMA 50 and 200 With strength and notable volume, it retested twice, one of them touching the EMA 200, after which it showed signs of price distribution, As the market is "calm" this week, movement may be smooth until TP, making it possible to do a scalper or have the patience to look for TP2.

SL: 101,955
TP1: 102,351 (Scalper)
TP2: 102,564

Trade geschlossen: Ziel wurde erreicht:

Expected target achieved, as previously reported was slow due to market flow.

TP2: 102,564