AUDJPY 4hour Analysis 1/11/20

AUDJPY Long Idea

Higher timeframes are all very bearish except the daily. On the daily timeframe we can see that AJ has been in a bullish trend since October much like AU

We recently saw a fake out which formed the last higher low and price action has maintained this daily channel

Now we are looking for a retest of broken resistance around 75.200 followed by some strong bullish setups. We’re looking to target toward our monthly resistance around 77.000