Currently, AUD/JPY is trading at 75.97. The pair started a new up trend after breaking the resistance level at 75.07. Previously, the price was trading in an ascending triangle pattern. The pair has already started a new up trend by breaking the resistance level, so its first target price is at 75.98 and the second target price is at 76.54. The price has already touched its first target price and can hit the second target.
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
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Thank you,
Rishikesh Lilawat
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
Do follow us for future Forex trend analysis and ideas.
Thank you,
Rishikesh Lilawat