AUDJPY: Breakout & Demand Zone
AUDJPY has successfully broken above a key horizontal resistance level and a significant descending trend line.
This breakout has created a widening demand zone.
I expect a bullish movement to begin from the highlighted blue area, targeting 99.30.
This breakout has created a widening demand zone.
I expect a bullish movement to begin from the highlighted blue area, targeting 99.30.
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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.