AUD/JPY is currently expected to continue its upward move. This bullish outlook is supported by the formation of a Double Bottom chart pattern, which often signals a reversal to the upside.
In addition, the presence of a swing low strengthens the bullish momentum, suggesting that AUD/JPY has room to climb further toward the nearest resistance level.
Recommendation:
- Buy AUD/JPY
- Entry: 97.240
- Take Profit: 97.608
- Stop Loss: 97.012
*DISCLAIMER: All content in daily forex news is informative. PT. Maxco Futures does not guarantee its accuracy and completeness. The company is not responsible for investment losses due to the use of the information contained.
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