AUDJPY - Buying dips
Trade Idea
Broken out of the channel formation to the upside.
There is scope for mild selling at the open but losses should be limited.
Bespoke support is located at 75.30.
Further upside is expected although we prefer to set longs at our bespoke support levels at 75.30, resulting in improved risk/reward.
Expect trading to remain mixed and volatile.
We look to Buy at 75.30
Stop: 75.00
Target 1: 76.30
Target 2: 76.75
It’s a US holiday today so expect quieter markets today.
Broken out of the channel formation to the upside.
There is scope for mild selling at the open but losses should be limited.
Bespoke support is located at 75.30.
Further upside is expected although we prefer to set longs at our bespoke support levels at 75.30, resulting in improved risk/reward.
Expect trading to remain mixed and volatile.
We look to Buy at 75.30
Stop: 75.00
Target 1: 76.30
Target 2: 76.75
It’s a US holiday today so expect quieter markets today.
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