AUDJPY POSSIBLE LONG
Price is still above the long holding descending channel, with a range bound market between 72.50 and 76.55 zones.. The resistance zone at 76.55 have bee holding since 2019.
Inside the range bound we broke above an ascending triangle with several retest of the resistance zone of the triangle turn support, we also have this consolidation on 1H chart we just broke above, so i'll be looking out for rejection in 75.55 for more upside with target @ 76.60
While a break below 75.00 with retest holding will set price lower targeting 72.50
Inside the range bound we broke above an ascending triangle with several retest of the resistance zone of the triangle turn support, we also have this consolidation on 1H chart we just broke above, so i'll be looking out for rejection in 75.55 for more upside with target @ 76.60
While a break below 75.00 with retest holding will set price lower targeting 72.50
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