AUD/JPY Trading Analysis (28/07/2025)
The trend is up. The forex pair is trading within the 365- and 135-EMA range. The descending wave structure is truncated. The stochastic oscillator indicates an oversold condition. An entry point is forming under the truncated C.
Trade idea:
- Buy when the ascending wave structure begins forming and wave A breaches the sloping channel of the descending, truncated structure.
- Stop-loss at 96.550
- Price targets are 97.070 and 97.250.
#audjpy #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor
