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Investroy

AUD/JPY: decent BUY opportunity

Long
Dollaro australiano / Yen giapponese (FX:AUDJPY)  
Investroy  
FX:AUDJPY   Dollaro australiano / Yen giapponese
Trend Analysis Support and Resistance Supply and Demand AUDJPY priceaction Technical Analysis forextrading investroy
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trendanalysis supportandresistance supplyanddemand audjpy priceaction technicalanalysis forextrading investroy
As it can be inferred from the chart, a nice descending channel has been formed and the price is currently building up a bottom on the lower boundary of the channel. From the higher timeframes, it can be observed that the sentiment of the market is bullish. We are expecting for the price to keep rising and reach the area of resistance identified on the graph.
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