AUD/JPY trades above major resistance 92,jump till 95 is likely
AUD/JPY has formed a double bottom around 89 and recovered from that level. It is currently trading at 92.10.
The pair’s minor resistance around 92.40 and any break above would extend gains till 93/95.
On the downside minor support is at 92.40 and any break below will target 91.90/91.50 in short term.
Bullish invalidation only below 89.Break below major support level will drag the pair till 86.
It is good to buy around 92 with SL around 91.40 for the TP of 93.05/94.90
The pair’s minor resistance around 92.40 and any break above would extend gains till 93/95.
On the downside minor support is at 92.40 and any break below will target 91.90/91.50 in short term.
Bullish invalidation only below 89.Break below major support level will drag the pair till 86.
It is good to buy around 92 with SL around 91.40 for the TP of 93.05/94.90