AUD/JPY Trading Analysis (21/05/2025)
The trend is up. The forex pair is trading within a range of 365 and 135 EMAs. The descending wave structures are truncated. The inner truncated wave structure ended with the breach of the sloping channel. There is bullish divergence on the Awesome Oscillator and the Stochastic Oscillator indicates an oversold condition.
Trade idea:
- Buy on the breaach of 92.910.
- Stop-loss at 92.480.
- Price targets are 93.480 and 95.000.
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