Australian Dollar / Japanese Yen
Long
Updated

AUD JPY - Long Trade Plan

51
We broke the 4 hour resistance and have potential to head up

The 4 hour 17 ema is showing signs of support.

On the hourly we have the currently support of the 55 ema as well as bouncing off the 99 ema, and the ichimoku cloud.

The next level we are targeting is the 4 hour top resistance range.
Note
We are using stop placement in area of the previous hourly low that led to a previous break of the hourly previous high
Note
we closed off at minor loss of 13 pips - maybe we'll get back in later

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