CHART TIMEFRAME: H4
TREND ON THE CHART TIMEFRAME: NEUTRAL
FACTS AND PATTERNS: SUPPORT ZONE, EMA 50 AND TREND LINE BREAKOUT
CURRENT PRICE: 88.48
POSSIBLE “PREDICTED” PRICE ACTION: The pair formed triple top at 89.08 and pulled back. 89.30 is the support. We have a rising trend line. EMA 50 is located at 88.30. Price may test the EMA 50 and the trend line. Break out of the trend line and EMA ( possible breakout zone is 88.20 ) will carry the price 87.50 and 87.10.
AUDJPY TRADE IDEA: (MIDTERM )