AUD/JPY Strong Uptrend Continues Above 87.00

AUD/JPY Technical Analysis

  • The break above W H4 is possible
  • W H5 is the target
  • W H3 is interim support

H4 Chart EUR/USD

  1. Swing 1
  2. Swing 2
  3. Swing 3
  4. Start of breakout
  5. Target

The AUD/JPY is bullish. Positive tones are surrounding the Ukraine-Russia crisis right now and we see the risk-on scenario. Markets are bullish and equities are going up. The AUD/JPY is bullish and we should see a continuation of bullish trend above 87.00 The final target is 87.63. Buying the dips continues.

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Cheers and safe trading,

Nenad

 

Published by

Nenad Kerkez

Nenad Kerkez is an analyst and trader who has been in the market since 2008 and works closely with Admiral Markets as their Senior Lecturer and Market Analyst. Nenad covers over 25 currencies on an intraday basis and has a Masters in economics. He also developed CAMMACD TM, a proprietary trading and analysis strategy wit ever powerful pre fact setups that you can read every day. Nenad is also a valuable presenter on various FX EXPO shows, where he always presents new and interesting ways how to trade price action and protect your own investments. Further, he is the co-founder and head of Elite Currensea Trading, an educational website for currency traders.