Audjpy Bullish Setup longs
Due to the previous week being bullish after a long bearish run, I would expect Aud to ascend versus the Jpy pairing. My reasoning for this leads me to believe we will have a short term selloff towards the 78.5 region before moving up to break previous resistance , towards the 79.2 level. I would like to take buys around the 78.5, 78.2 region. 78.00 broken would cancel my bias.
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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.