HomeContributorsTechnical AnalysisAUD/JPY Could Go Higher On A New Trend

AUD/JPY Could Go Higher On A New Trend

The AUD/JPY has a trend change and we could see the W H3 as the first target. However, the scope of a full move is also a bit higher.

72.60-90 is the POC zone where we should the price to bounce if it gets a retracement. It is supported by the bullish order block too (red line). The bullish bounce above the POC zone is targeting 73.80. A close above 73.80 should target M/W H4 Camarilla pivot and Wizz tool confluence between 74.26and 74.60. 72.00 is the strong support now and bulls should be safe as long as the price is above that level.

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