AUD/JPY LONG IDEA

Price Action (Technical Analysis): Very interested in the set-up the Aussie/Yen has presented us, we see an ascending channel of buy orders swarming in telling us buyers are gaining their confidence here at Key Level of Support (Weekly). Price is above our 100 Day EMA and will use it as support and look for Buy Opportunities if the Aussie breaks above and tests the head of this consolidation.

Fundamental Analysis: None.