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:
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.