AUD/JPY Clear breakthrough, trend trading.

26 Kas

Hi guys, we are coming up with yet another fantastic opportunity, which we will express our attention onto Resistance and Support line. The AUD/JPY has been trading in a very tight range since the beginning of October up until now. There is an extremely strong resistance line which has been physically broken once sitting above the level of 101.700 , in between that time the pair has been trading just below the Resistance of 101.600 to it's lower end at the support of 99.778. For now my analysis would be targeting the lower end of 99.700 to 99.800 level and then for us to see another retest towards the two goals which I have set up as follows

As a pending order - BUY LIMIT at level of 99.778 with following take profits -
Take profit 1 : 101.161
Take profit 2 : 101.673

Enjoy this fantastic analysis which has brought me a lot of success the past two months, hence the fact that it was trading in a very obvious range and allowed for very easy entries to follow up and catch quite a few good pips of movement.