The AUD\JPY 'exotic' pair is in a trading range- two horizontal support and resistance levels that bound price and serve as lower and upper boundaries. Support level is at 76.50 and Resistance is at the round level of 80.0. The trading range is 350 pips in size and offers good trading opportunities:
*Long trades will be issued on touch of Support
*Short trades will be issued on breakout of Support or Touch at Resistance.
Analysis and Chart Pattern Trading:
http://www.chartsecret.com/content/audjpy-trading-range
*Long trades will be issued on touch of Support
*Short trades will be issued on breakout of Support or Touch at Resistance.
Analysis and Chart Pattern Trading:
http://www.chartsecret.com/content/audjpy-trading-range
