AUDJPY: Bullish Technical Analysis

22 May 2023

In the short term, it might be interesting to follow the AUDJPY pair on intraday charts. If we look at 1H time frame, the trend is bullish and should somehow manage to reach the area around 94. With this in mind, a "buy the dip" should be the correct interpretation.

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6 Haz 2023

Not

9 Haz 2023

İşlem kapandı: hedefe ulaştı

Chart:

9 Haz 2023

Not

Trend is still bullish

13 Haz 2023

İşlem kapandı: hedefe ulaştı

Target 2 hit !

14 Haz 2023

Not

🔴At the moment the trend still remains bullish, but the pair seems to want to form a cap (temporary?) around our Target 2. If we look up, we have a resistance area around 95.50 and potential Target 3 at 96.30. At the moment the supports are quite far away on intraday chart (dashed trendline) and from our point of view, the daily closure will be very important.
📊Chart:

15 Haz 2023

Not

15 Haz 2023

İşlem kapandı: hedefe ulaştı

Target hit!

15 Haz 2023

Not

It's still bullish...