AUD/JPY Trading Analysis (17/07/2025)
The trend is up. The forex pair is trading within a range of 365 and 135 EMAs. The descending wave structure is truncated. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator indicates an oversold condition.
Trade idea:
- Buy when the ascending wave structure begins forming and wave A breaches the 96.430 level (pivot 2 of wave C).
- Stop-loss at 96.090.
- Price targets are 97.000 and 97.200.
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