AUDJPY analysis

13.05.2021

Technical reviews

AUDJPY

The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages directed upwards. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversold conditions.

AUDJPY rate online: monitor the price movement in real time.

Trading idea:

Buy when the 1-2-3 pattern is formed, where wave 1 breaks through the inclined channel of the descending pattern.

Stop loss under the local minimum of the descending pattern.

Target levels: 85.45; 85.75.

Author: GC
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