AUD/JPY Strong Uptrend Continues Above 87.00

Analyst, Full-Time Trader • Mar 17, 2022 at 9:01 AM EDT

The AUD/JPY is bullish. Positive tones are surrounding the Ukraine-Russia crisis right now and we see the risk-on scenario.

AUD/JPY Technical Analysis

The break above W H4 is possible
W H5 is the target
W H3 is interim support

4H Chart AUD/JPY

(Click on image to enlarge)

Swing 1
Swing 2
Swing 3
Start of breakout
Target

The AUD/JPY is bullish. Positive tones are surrounding the Ukraine-Russia crisis right now and we see the risk-on scenario. Markets are bullish and equities are going up. The AUD/JPY is bullish and we should see a continuation of the bullish trend above 87.00 The final target is 87.63. Buying the dips continues.

Disclaimer:

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