AUDJPY breakout channels toward Daily 200 Moving Average

SteveF

Master Trader
Oct 17, 2019
89
9
49
66
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.....
 

SteveF

Master Trader
Oct 17, 2019
89
9
49
66
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.