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AUD/JPY trade idea

  • AUD/JPY recovers after making a low of 82.11 and has made a high of 85.125. it is currently trading at 85.02.

  • Intraday weakness can be seen only below 84.50 and any break below targets 84/83.25 in short term.

  • On the higher side major resistance around 85.13 and break above would extend gains till 87.25.

It is good to buy only above 85.13 with SL around 84.50 for the TP of 87.20

Resistance

R1- 85.13

R2-86

R3- 87.25

Support

S1-84.50

S2-84

S3-83.25

 

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