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AUD/JPY Analysis, Chart, and Trading Idea

Analytics for AUD/JPY Forex pair, based on complex analysis of modified waves, Fibonacci levels and price channels

The trend is ascending. The currency pair is traded in the range between 365 and 135 ЕМА. The uptrend truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator.

Trading idea:

Buy at the formation of the uptrend wave structure

Stop-Loss: 90.75

Target price level: 91.50, 92.33

Author: GC
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