The AUDJPY pair hit S1 (87.350), which is a Support level that is holding for 10 months. With the 1D time frame turning momentarily oversold (RSI = 32.308, MACD = -0.610, ADX = 52.239), we regards this as a strong long term buy opportunity. TP = 92.000, some points lower than R1, as the 1D MA200 may be lowered by the time it rises to that point, and it has caused the last rejection on February 15th.
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investingscope.com
Over 65% accuracy on Private Signals Channel.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.