AUDJPY: Key Levels & Your Trading Plan 🇦🇺🇯🇵
AUDJPY is stuck within a narrow horizontal trading range.
82.8 is its resistance.
82.0 is its support.
Depending on the side of a breakout of the range I see two potential scenarios:
- If bears violate and close below the support of the range,
I will expect a bearish continuation to 81.4 - local structure low. - If bulls break and closed above an upper boundary of the range,
I will expect a bullish movement to 84.0 level - key structure resistance.
Wait for a breakout & follow the market.
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