The AUD/JPY currency pair is currently showing signs of bullish continuation. This upward momentum is supported by a bullish candlestick confirmation and growing buying pressure, indicating that buyers are regaining control in the market.
Additionally, the presence of a double bottom pattern and the formation of a swing low further strengthen the case for a potential reversal or continuation of the upward trend.
As long as the price holds above the key support level and doesn’t face strong rejection at resistance, the outlook remains bullish.
Recommendation:
- Buy AUD/JPY
- Entry: 94.075
- Take Profit 1: 94.475
- Take Profit 2: 94.875
- Stop Loss: 93.675
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