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AUDJPY - WEEKLY PREDICTIONWe're long now! Closing above 74.60 was key to seeing the Double Bottom validated and not just consolidation and weekly support. Now we've had multiple bullish daily closes (good size candles as well), we have confirmation of the Double Bottom off that order block at 74.20 and are looking for buys to add to our current open position (running around 2%). Targets? 1st target is the daily resistance and this is where price could begin to consolidate or bounce off in the short term, especially given the current climate with risk changing every session. Target 2 is the actual completion of the Double Bottom pattern, which is the extension above the neckline, which lines up perfectly with the previous highs created in August
Long
by RealistFX
audjpy looking for buy The Australian Dollar inched lower on Friday, but still managed to close higher for the week. The Aussie continued to be supported by the Reserve Bank’s (RBA) optimistic outlook for the economy, but gains were likely capped by the strong U.S. economy and uncertainty over the economic impact of the coronavirus on China’s economy, Australia’s largest trading partner. On Friday, the AUD/USD settled at .6714, down 0.0005 or -0.08%. follow me for lower time frame entries like share and comment
Long
by isaac886