AUDJPY Analysis, April 24, 2025
AUDJPY on TF M15 At the beginning of the chart, AUD/JPY showed a fairly consistent downtrend, marked by a series of lower highs and lower lows. This indicates seller dominance in the market. However, after touching a fairly strong support level, the price bounced up and began to show signs of a reversal. This phase is marked by the emergence of a long bullish candle, indicating increased buying pressure.
If the price manages to break through the minor resistance in the range of 91.00 with convincing volume and bullish candles, then it could be a strong buy entry signal. The target can be directed to the area of 91.30 - 91.50, with a stop loss below 90.70.