Hello traders,
I have been looking through my charts to see what viable setups to chase the first 48 hours after the market opens.
For now, I can only see one pair. Let’s hit the charts
1. AUD/JPY
AUD/JPY has formed a decent expanding ascending channel and price is currently resting on a key support level (84.610)
If we are to go bullish on this pair, it means the Bulls will have a lot of work to do breaking the key resistance zone. Once that happens, then our next possible resistance level would be 85.099
We should also have it at the back of our mind that the current support level could also fail, and price may fall and hit 84.375 as the next possible support level.
What say you?
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