AUDJPY breakout channels toward Daily 200 Moving Average

Discussion in 'Technical Analysis' started by SteveF, Nov 8, 2019.

  1. SteveF

    SteveF Active Trader

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    2019-11-07 19_36_41-AUDJPY,Daily.jpg

    Interesting pair to watch - has historic action on 200 DMA in past. AUD very strong and JPY weak as of late.....
     
  2. SteveF

    SteveF Active Trader

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    AUDJPY,Daily.jpg

    AUDJPY has been trending up and has nearly reached the areaof multiple confluences - Daily 200 MA, Trend line resistance, horizontal resistance, and a 161.8 weekly fibo extension - there is a trade here if you like trading AUDJPY in these conditions.
     

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