Daily Analysis 02/11/2021

DAILY ANALYSIS

Traders can follow economic events or news which may affect the trend of this pair, to adjust on trade position.

 

DAILY AUD/JPY

Support & Resistance: R1: 86.3
From the daily chart, it has formed a triangle chart pattern, traders can trade long positions after the price breaks the resistance level.

 

H4 AUD/JPY

Support & Resistance: R1: 86.3
From the H4 chart, traders can trade long positions and take profit around 87.4.

 

TRADING TIPS


Long Position

86.4

87.4

85.4