Forex Technical Analysis of AUDJPY for June 08, 2015

Support                            -   S1 : 95.284 | S2 : 94.918 | S3 : 94.386

Resistance                       -   R1 : 96.182 | R2 : 96.714 | R3 : 97.080

Main Trend                     -   Bullish

Intraday Trend              -   Bullish

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: 

4H Chart

The area 95.785 – 96.035 is a neutral zone.

Bullish scenario : If price moves upwards and close above the neutral zone, then the upward trading targets will be : 96.270, 96.700, 97.000, 97.385, 97.640, 98.000, 98.475 .

Bearish scenario : If price remains below the neutral zone, then the downward trading targets will be : 95.400, 95.000, 94.569, 94.000 .

1H Chart

The area 95.695 – 95.815 is a neutral zone.

Bullish scenario : If price moves upwards and close above the neutral zone, then the upward trading targets will be : 96.270, 96.400, 96.700, 97.000 .

Bearish scenario : If price remains below the neutral zone, then the downward trading targets will be : 95.350, 94.900, 94.600, 94.300, 94.000 .

Using the above elements of forex technical analysis, everyone can plan his own personal forex trading strategy . We note the need to use stop loss levels.

You can subscribe to one of the two subscription packages and take advantage of all benefits of the forex signals using one of the most sophisticated Forex Signals Copier, also from monitoring the live trading room, and of course from the full support in real time.

Share