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AUD/JPY Strong Uptrend Continues Above 87.00

By:
Nenad Kerkez
Published: Mar 17, 2022, 12:01 UTC

The AUD/JPY is bullish. Positive tones are surrounding the Ukraine-Russia crisis right now and we see the risk-on scenario.

AUD/JPY Strong Uptrend Continues Above 87.00

In this article:

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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

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  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.

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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