AUDJPY Intra-Day Price Action Analysis: strong bullish

AUDJPY Intra-Day Price Action Analysis: strong bullish

12 October 2015, 13:11
Sergey Golubev
0
1 361

W1 price is located above 200 period SMA (200 SMA) and above 100 period SMA (100 SMA) for the primary bullish market condition.

  • The price is trying to break 88.48 resistance level for the bullish trend to be continuing.
  • If the price breaks 88.48 resistance level so the bullish breakout toll be continuing, otherwise - ranging within the levels.
Resistance
Support
88.4887.99
N/A
87.75

Trend:

W1 - strong bullish
Share it with friends: