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AUDJPY Dip-Buy Setup: 113.58 Entry Aims for 115 
- Major resistance – 1.75 (trend line joining 3.06 and 2.78).
- The pair has formed a triple bottom at 0.87 and jumped sharply from that level. Intraday term trend is slightly bullish as long as major support 1.25 holds. The major resistance is around 1.60 (200- 4H EMA) and break above targets 2.09/2.40. It is currently trading around 1.5200.
- The near term support is around 1.25 and break below targets 1/0.87. Major weakness only below 0.61.
- On the higher side, near term resistance is around 1.60 (200- 4H EMA and 23.6% fibo) and any break above will take the pair to next level till 1.97/2.09. The pair should close above 2.25 level for further bullishness.
It is good to buy above 1.75 with SL around 1.50 for the TP of 2.25/2.40.
