AUDJPY / H1 / Daily Forex Technical Analysis / 6.7.2019
Updated
Hello Traders, welcome to the Daily Forex technical analysis. Today is June 7th , 2019 and we will be taking a look at the Australian Dollar against the Japanese Yen. Looking at the 1 hour time price action is retesting it's previous resistance area of 75.8. If price action continues to lose steam at this region we will be looking for an opportunity to short again! Entry for a Short position near the 75.814 area, with a Stop Loss near the 75.957 region, and a target profit level area of 75.504 to possibly ensure a profitable trade with a 2.17 to 1 R/R.
Note
Sorry just wanted to clarify our target profit level area is 75.504 not 75.341! Have great day and good hunting out there traders!
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.