澳元/日圓
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AUDJPY 4hour Analysis February 14th, 2022

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AUDJPY Bullish idea

Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish

Trade scenario 1: Overall this pair has been fairly bearish on higher timeframes but we have recently seen a ton of 4hour bullish movement.

Currently, price action is bouncing between 83.250 & 81.500 with HIGH volume. The mostly likely scenario is that we will find resistance around 83.250 and price action will fall toward lower support around 81.500.

Trade scenario 2: If we see price action break resistance around 83.250 we need to see a confirmed higher low above before considering any long positions.

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