Trading suggestion: . There is a possibility of temporary retracement to suggested support line (72.40). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support....
see chart for details there is also a falling trendline as well as some moving averages
Price is making a flag, lets see what happens! Don't trade my setups unless they line up with your analysis! We will learn from each other! :D
AUDYEN is close to hitting the topside of the weekly downtrendline. placing 3 small short positions here for three different TP's. all stops go just above 82 level