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Two great trading opportunities on this chart for AUDJPY

Two great trading opportunities on this chart for AUDJPY

Mid-Term Forecast:

Trading suggestion:
In the daily chart , if the price reaches the support line 76.80 then rejects from it, there is a Buy trading opportunity.
and also, if the price passes the support line and is able to break the uptrend, there is a Sell trading opportunity.

Technical analysis:
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.

Take Profits:
For take profit in the daily chart , traders can use the specified resistance lines for the buy status, and the specified support lines for the sell status.

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Intraday Forecast

Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (76.9416).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. AUDJPY is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.

Take Profits:
TP1= @ 78.47
TP2= @ 79.70
TP3= @ 78.45
TP4= @ 78.95
TP5= @ 79.67

SL= Break below 76.71

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