AUDJPY & GBPJPY Made 700+ Pips This Week
Fri 16th June 2023 : Daily Forex Price Action
Today we’re looking at Trading Setups in:
- AUDJPY (Primary Focus Pair)
- GBPJPY (Covered In Video)
- AUDUSD (Covered In Video)
- GBPUSD (Covered In Video)
Primary Focus Pair: Trade Plan & Details
Details:
AUDJPY featured at the top of the live forex strength vs weakness tables for this entire week.
Today we could be looking for another position to get long into AUDJPY.
The hourly chart is showing prices forming higher highs and higher lows.
This also holds confluence with a trendline support.
Price is trading above a 50 moving average.
Traders looking to get long, could look for entries around the trendline support or horizontal support.
Stops could be placed below the 50 moving average to add another layer of protection for the trade.


