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AUD/JPY Could Go Higher on a New Trend

Nenad Kerkez

Dear Traders,

The AUD/JPY has a trend change and we could see the W H3 as the first target. However, the scope of a full move is also a bit higher.

72.60-90 is the POC zone where we should the price to bounce if it gets a retracement. It is supported by the bullish order block too (red line). The bullish bounce above the POC zone is targeting 73.80. A close above 73.80 should target M/W H4 Camarilla pivot and Wizz tool confluence between 74.26and 74.60.  72.00 is the strong support now and bulls should be safe as long as the price is above that level.

The analysis has been done with the CAMMACD.MTF template.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

This article was originally posted on FX Empire