FX.co ★ rylee.denesik | AUD/JPY

Hello everyone in the thread dedicated to analyzing the situation on the AUDJPY currency pair. I will try to contribute my perspective on the current situation. The working timeframe is M15. The indicators I am using include moving averages with different periods, Parabolic SAR, and the MACD histogram. For now, this is sufficient for me. Currently, it seems like a bullish trend may develop. It would be even better if the price at 94.214 participates in this. A limit order in a long position looks very promising from this support level. In case things don't go as planned, a stop at 94.154 will result in a small loss. However, I am hopeful for a profit, which I will take at the resistance of 94.804. This is the current setup I see for buyers. Wishing everyone profitable trades!