JPYAUD for long as soon as triangular pattern breakout
Price rejected at key level and formed nice PA at key level and dynamic support (EMA) adding additional value
After forming a lower low lower high pattern it may enter into a up trend. If it breaks the support zone line which is its current resistance level then it can inter into up trend and then neck line will become its first target.
Hello. Here is an analysis on AUDJPY TP 73.800 And SL68.800 The pair has clearly hit the Support and is going upward.
Our pivot point stands at 70.26. Our preference: the upside prevails as long as 70.26 is support. Alternative scenario: below 70.26, expect 69.91 and 69.70. Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 70.28 and 70.46). Our key levels: