AUD/JPY continue with the Uptrend

٢٨ أكتوبر

On AUD/JPY , it's nice to see a strong buying reaction at the price of 100.610.

There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.

GAP + Uptrend and high volume cluster are the main reasons for my decision to go long on this trade.


Happy trading

Dale