AUDJPY continues to trade within a well-defined upward channel, forming a higher high before entering a consolidating triangle pattern. Price is now pulling back toward a confluence of support, where an upward trendline and horizontal level intersect near 92.25. Bulls may look for a bounce if that zone holds.📌 Key Levels
- Support zone: 92.25 (trendline + horizontal support)
- Breakout target: 93.50 (measured move from triangle pattern)
- Invalidation level: below 92.00 (channel break would signal weakness)
⚠️ Risks
- Failure to hold 92.25 could lead to a fall toward 90.60
- Resistance at 93.50 and 94.18 may trigger profit-taking
- Pattern invalidation if triangle structure gets disrupted by volatility
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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🌎WebSite: lingrid.org
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.
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.