Potential Support & Resistance Trades on AUDJPY
Major Resistance at 92.13. Currently looking for a bearish setup as a confirmation that the resistance will hold and price will move lower again. If resistance breaks, this level will likely be a bullish reversal area and act as support in the near future.
Major Support at 89.52. If short, I will look to exit at this level. I will also be looking for a bullish setup for a long opportunity at this level. Once again, if the support holds, this level will likely be a bearish reversal area and act as resistance in the near future.
Major Support at 89.52. If short, I will look to exit at this level. I will also be looking for a bullish setup for a long opportunity at this level. Once again, if the support holds, this level will likely be a bearish reversal area and act as resistance in the near future.