AUD/JPY Trend Analysis 8-20-2014

The AUD/JPY trend analysis indicates that this pair has a resistance breakout point at 96.50 on the W1 time frame. You can set a price alert here on your meta trader platform. Above that price when the alert hits,  we would be looking for a buy signal on The Forex Heatmap®. The next resistance point past there is around 102.00, noted by the yellow lines. So the overall pip potential is around 550 pips, which is an excellent risk/reward ratio for this trade.

AUD/JPY Trend Analysis 8-20-2014

AUD/JPY Trend Analysis 8-20-2014

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