AUD/JPY Trading Analysis (30/06/2025)
The trend is up. The forex pair is trading within the 365- and 135-EMA range. The descending wave structures are truncated. The Stochastic Oscillator's moving averages are out of the oversold zone.
Trade idea:
- Buy when the ascending wave structure begins forming and wave A breaches the 94.264 level (pivot 2 of wave C).
- Place a stop-loss under the local minimum of the descending, truncated structure at the 94.136 level.
- Price targets are 94.500 and 94.800.
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