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AUD/JPY Has Established a Strong Support

By:

Nenad Kerkez

Updated: Aug 10, 2021, 11:44 GMT+00:00

The AUD/JPY went to 88.6 zone and established a strong support. Bounce should be happening.

AUD/JPY Has Established a Strong Support

79.90-80.60 is the zone where we should be seeing a bounce. Q L5 pivot also protects the bulls. Bullish bounce towards 81.70 is very possible. A close above it will make the price more bullish towards 82.90 and 84.90 as the final target. Look for buying into dips.

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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