Aussie Yen on the Rise: Could It Hit 103.000 Soon?
Updated
Hey Realistic Traders, let’s dive into the analysis of 
AUDJPY !
On the H4 timeframe, Aussie Yen is holding strong above the EMA90, signaling a solid bullish trend. We’ve also seen a breakout from the symmetrical triangle pattern, which typically points to a continuation of the current uptrend. The MACD indicator shows a hidden bullish divergence, where the price makes higher lows while the indicator makes lower lows. This often suggests underlying strength and the potential for the uptrend to continue, reinforcing the bullish momentum.
With these key technical factors in alignment, we could witness an exciting push towards Target Area 1 at 103.000, or even up to Target Area 2 at 103.972. However, traders should keep a close eye on the stop-loss level at 99.946 to manage risk effectively.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Gold. "
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AUDJPY !On the H4 timeframe, Aussie Yen is holding strong above the EMA90, signaling a solid bullish trend. We’ve also seen a breakout from the symmetrical triangle pattern, which typically points to a continuation of the current uptrend. The MACD indicator shows a hidden bullish divergence, where the price makes higher lows while the indicator makes lower lows. This often suggests underlying strength and the potential for the uptrend to continue, reinforcing the bullish momentum.
With these key technical factors in alignment, we could witness an exciting push towards Target Area 1 at 103.000, or even up to Target Area 2 at 103.972. However, traders should keep a close eye on the stop-loss level at 99.946 to manage risk effectively.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Gold. "
Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
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Double Top Formation on JPY also the reason why we take this trade
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