AUDJPY – Trading in a short term range, around an important level
Hope your trading is going ok, do you feel like trading JPY crosses?
I’m waiting for the AUDJPY to break the short term range before looking for any trade opportunity. A breakout of either side of the range will trigger a market condition on the direction of the breakout:
If it breaks the upper resistance green level (85.18) I’ll look for long opportunities
If it breaks the lower support green level (83.60) I’ll look for short opportunities
Trade Safe!
Raul Lopez
Forex Course