Daily Analysis 13/10/2021

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: S1: 82

From the daily chart, the price has reached the resistance of the uptrend channel.

 

H4 AUD/JPY

Support & Resistance: S1: 82
From the H4 chart, traders can trade short positions as the price is at the resistance of the uptrend channel and it may retrace here.

TRADING TIPS


Short Position

83.2

82

83.7