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Weekly forecast Australian Dollar / Japanese Yen technical chart
Symbol AUDJPY

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateJune 20, 2020 - 21:31
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • While the price is above the support 69.950, continuation of uptrend is expected.
  • We make sure when the resistance at 76.550 breaks.
  • If the support at 69.950 is broken, the short-term forecast -continuation of uptrend- will be invalid.

Technical analysis:

  • While the RSI support #1 at 47 is not broken, the probability of price decrease would be too low.
  • A peak is formed in daily chart at 76.70 on 06/05/2020, so more losses to support(s) 72.40, 71.10 and minimum to Major Support (69.95) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 52.

Supports and Resistances:

  1. 90.30
  2. 85.85
  3. 82.75
  4. 80.70
  5. 76.55
  6. 72.40
Click on the level to view price action history.