AUDJPY bullish momentum | 6th Sep 2021

315
Price is holding above the 50 period MA signifying a bullish momentum, price is expected to move up towards the take profit level in line with the 76.4% FIbonacci retracement and horizontal swing high. Our bullish bias is further supported by the inverse head and shoulders pattern and price holding above the Ichimoku cloud .

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.