AUDJPY – Next week opportunity

This week has been good overall, far good than the first week of October anyway. The market traded in a very consistent way overall, being rejected from important support and resistance levels, with good short term signals.

Next week it’ll be the same, we’ll have good opportunities although a few of them are trading at important level, so we need to wait for the market to either get rejected or break through those levels.

I think we’ll see one of the best opportunities for next week in the AUDJPY. Yesterday it broke through an important LT resistance level triggering a bullish market condition, it follow through today and it is expected to continue this way until it reaches the next LT resistance level, which is at 85.11:

Starting Monday, I will be looking for long opportunities in the AUDJPY.

Have a good weekend!

Raul Lopez
Forex Training

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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 .