AUDJPY: Thoughts and Analysis

Today's focus: AUDJPY

Pattern – Continuation
Support – 98.90 & 98.35
Resistance – 100.20 & 100.60

Hi, traders; thanks for tuning in for today's update. Today, we are looking at the AUDJPY on the daily.

We could have a new continuation forming as buyers have beaten yesterday's high backing in a second positive session. Australian employment data came in mixed with a decrease in unemployment. This, with a weaker Yen, looks to be supporting buyers at this stage today.

If we see a move below today's low or back below 98.90, this could be a warning, as it will cancel out continuation ideas in the short term.

What do you think? Do you think this is a continuation pattern?

Good trading.