Nice idea on AUDJPY and there may be bullish bias as you have identified. The support that we have identified is at 79.50, which is just below your buy entry level. It is a horizontal swing low support with a 61.8% Fibonacci extension, 76.4% Fibonacci retracement. Stochastic is approaching its support at 5.3% where a corresponding bounce could occur. If a corresponding bounce does occur, we may look closer to the 80.444 resistance level. It is a horizontal swing high resistance with 38.2% Fibonacci retracement. Looking forward to see how things develop.
Please have a look at my idea and share with us what you think.
Please have a look at my idea and share with us what you think.