Forex Technical Analysis of AUDJPY for July 06, 2015 | Forex Signals Market
Sunday, July 05, 2015

Forex Technical Analysis of AUDJPY for July 06, 2015

Support                            -   S1 : 91.486 | S2 : 90.826 | S3 : 89.572
Resistance                       -   R1 : 93.400 | R2 : 94.654 | R3 : 95.314
Main Trend                     -   Bearish
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 93.136  – 93.422   is a neutral zone.

Bullish scenario : If price moves upwards and close above the neutral zone, then the upward trading targets will be : 93.850, 94,230, 94.600, 94.898.



Bearish scenario : If price moves downwards and close below the neutral zone, then the downward trading targets will be : 91.360, 90.719, 89.520, 88.484, 87.579.

1H Chart


The area 92.329 – 92.455  is a neutral zone.

Bullish scenario : If price moves upwards and close above the neutral zone, then the upward trading targets will be : 92.900, 93.245, 93.593.

Bearish scenario : If price moves downwards and close below the neutral zone, then the downward trading targets will be : 91.769, 91.382, 90.990, 90.000.

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.

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