AUD/JPY: Daily
Last but not least is an update on the AUD/JPY daily rising channel I showed y’all a few days back. As expected, price moved all the way down to test the channel support around the 96.50 minor psychological mark and may be due for a bounce soon. A bullish divergence can be seen, as stochastic made lower lows while the pair drew higher lows, although the oscillator has yet to move out of the oversold region. A bounce could take AUD/JPY back to the top of the channel near 103.00 or at least until the middle around the 100.00 major psychological mark. Make sure you set your stops right if you’re going long!
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