Attention! Posts are commentary only, NOT SPECULATION/INVESTMENT ADVICE. It’s only for education purposes, doesn’t offer to trade.
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AUDJPY – looking for a long (buy) setup.
The weekly and daily trend continues to go up. The price action formats new highs from both time horizons. Another point to note is that AUDJPY presents an opportunity for a carry trade wich would allow to earn positive interest. The pair has tested a 85.00 level and bounced back afterwards. At this point my target would be at 95.00. I truly believe this setup shows great potential.