I hope the AUDJPY breaks the resistance level

This week has been very calm, I get the feeling that it is the kind of calm just before the storm, seems like as if something was cooking for the Jackson Hole Symposium, what do you think?

Anyway, the AUDJPY is one of the currency pairs that I’m currently monitoring, it is pretty close to the resistance level:

If it breaks the upper green short term resistance level, it will trigger a bullish condition and I’ll start looking for long opportunities.

I’m being careful about the JPY crosses lately, because of a possible BOJ intervention, but in this case, if the BOJ intervenes, it will be in the direction of my “possible” trade.

Trade Safe!

Raul Lopez
Forex Course
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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 .