180+ Pips Banked : What’s Next ?

Mon 12th June 2023 : Daily Currency Strength Analysis

Today we’re looking at Trading Setups in:

• AUDJPY (Primary Focus Pair)
• GBPJPY (Covered In Video)
• AUDCHF (Covered In Video)

Primary Focus Pair: Trade Plan & Details

Details:

Our live forex strength vs weakness tables show us that AUD remains the strongest currency. 

This has been the picture since AUD appeared around the 2nd June. 

On the opposite side JPY continues to weaken, offering us long opportunities on AUDJPY again.

In our video last week, on the 8th June, we pointed out a long idea from 93.15 and if taken price has rallied over 100+ pips. 

However, we could look for alternative entries as we look to target the key resistance level of 95.00.

If price pulls back to support on the hourly chart of 93.80 and the 50 moving average, we can look for a long position.