After the high made on the 20th of March started to correct, this correction continued into May and on the 17th of May, we have a bottom and reversal.
Yesterday the pair has broken above an important confluence resistance and at this point, we can consider that the pair is resuming its long-term uptrend.
91 zone should provide support now and in this zone, traders should look for opportunities to buy.
94 is a decent profit target and negation comes if we have a break under support
Yesterday the pair has broken above an important confluence resistance and at this point, we can consider that the pair is resuming its long-term uptrend.
91 zone should provide support now and in this zone, traders should look for opportunities to buy.
94 is a decent profit target and negation comes if we have a break under support
Note
The comment and the chart are for AudJpy.Sorry, but is too late to edit now
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.