Forex Technical Analysis of AUDJPY for June 29, 2015 | Forex Signals Market
Sunday, June 28, 2015

Forex Technical Analysis of AUDJPY for June 29, 2015

Support                            -   S1 : 94.352 | S2 : 93.893 | S3 : 93.234
Resistance                       -   R1 : 95.470 | R2 : 96.129 | R3 : 96.588
Main Trend                     -   Neutral
Intraday Trend              -   Bearish


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:



Forex Technical Analysis

4H Chart


The area  95.105 – 95.306   is a neutral zone.

Bullish scenario : If price moves upwards and close above the neutral zone, then the upward trading targets will be : 95.514, 95.820, 96.050, 96.240, 96.430.


Bearish scenario : If price moves downwards and close below the neutral zone, then the downward trading targets will be : 94.412, 94.157, 93.700.


1H Chart


The area  94.746 – 94.820  is a neutral zone.

Bullish scenario : If price moves upwards and close above the neutral zone, then the upward trading targets will be : 95.000, 95.200, 95.332, 95.444.


Bearish scenario : If price moves downwards and close below the neutral zone, then the downward trading targets will be : 94.554, 94.334, 94.110.


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.

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