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AUD/JPY The Scope for the Next Target is Open

By:
Nenad Kerkez
Published: Apr 12, 2022, 08:06 UTC

The AUD/JPY is having an uptrend. A move straight off the zone should be lasting for at least intra-week.

AUD/JPY The Scope for the Next Target is Open

In this article:

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AUD/JPY Technical Analysis

  • Uptrend continues
  • Good R:R
  • M H3 is the next target
  • 93.42 needs to break
  • Buying on the dips

Daily Chart AUD/JPY

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  1. Low
  2. Double top
  3. Higher low
  4. Entry zone
  5. Target

The AUD/JPY is having an uptrend. A move straight off the zone should be lasting for at least intra-week. I have 2 entries 93.00 and 93.40 targeting 94.13 and possibly 95.33. Watch for the breakout and the move further up. Equities might follow up, namely the SNP500.

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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