AUDJPY: Still in a bullish market condition, long in play

Since the last time we analyzed the AUDJPY it was in a bullish market condition, and judging it in the weekly charts, it is still in a bearish market condition:

AUDJPY
AUDJPY

The AUDJPY right now it’s trading at 67.95 and the next LT resistance level is at 69.57 so we still have room to look for long opportunities.

My Trading Plan:

As long as the AUDJPY keeps trading above 67.08 I will be looking for long opportunities.

All short opportunities will be ignored.

Trade Safe!
Raul Lopez

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Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .