Sunday 18 October 2015

Forex Technical Analysis of AUDJPY for October 19, 2015

Support - S1 : 86.234 | S2 : 85.790 | S3 : 85.249
Resistance - R1 : 87.219 | R2 : 87.760 | R3 : 88.204
Main Trend - Bullish
Intraday Trend - Bullish

On forex technical analysis of 4H chart, we observe that price moves within a channel and above ???(50) and EMA(200) which have an upward cross between them. We have to pay attention to the divergence on MACD.

Considering all the details from the charts of forex technical analysis we can detect all critical levels and trading targets for H1 and H4 timeframes:

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