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