Cross-rates signals: AUD/JPY is near the bottom of the uplink

Cross-rate AUD/JPY, after almost a week of recovery, maintains an uptrend, which is also confirmed by the indicators on the older timeframes. Also, this pair on the timeframe D1 forms a “double bottom” figure, which indicates the safety of the upward movement.

The buy entry on the AUD/JPY is 85.60-80, which also corresponds to the lower border of the rising channel. Support levels are located at: 85.50 and 85.30. The target is 86.00-20, the breakthrpugh of this level will indicate the working off of the figure “double bottom”.

Fig. AUD/JPY. The current price is 85.70.

Hanzenko Anton