AUDJPY – Buy the Dip Ahead of Tankan Data

Trade Idea

• Type: Buy Limit
  
• Entry: 94.00
  
• Target: 95.00
  
• Stop Loss: 93.50
  

Duration: Intraday
Expires: 01/07/2025 06:00

Technical Overview

• The broader trend in AUDJPY remains bullish, with no clear signs of a top at this stage.
  
• A correction is possible, providing an opportunity to buy into strength without disrupting the higher trend structure.
  
• Short-term RSI has turned positive, suggesting momentum is starting to recover.
  
• A move above 94.50 will act as further confirmation of bullish continuation, supporting the push toward the measured move target of 95.25.
  

Key Technical Levels

• Support: 94.25 / 94.00 / 93.75
  
• Resistance: 94.50 / 94.75 / 95.00
  

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