AUDJPY Buy analysis
- Confidence
- 70
- Entry
- 113.534
- Target
- 113.850
- Stop
- 113.250
- Published
- 2026-05-24
Summary
AUDJPY shows bullish recovery momentum after sweeping the lows, consolidating above local support to target higher resistance layers.
Trend
After a rapid descent towards 112.700, the market executed a sharp V-shaped recovery. The price is currently holding above the key intermediate support lines, suggesting that buyers are stepping in to establish a higher low.
Patterns
A liquidity sweep at the lows followed by a strong displacement upward. Current consolidation is forming a potential bullish continuation structure above the 113.449-113.534 support zone.
Indicators
The pink rectangular zones highlight key order blocks. Current price action is holding above the lower support/demand blocks, with room to run up toward the major supply zone near 113.850.
Strategy
Enter long at 113.534. Set the stop loss below the immediate local swing lows at 113.250 to manage risk, and target the key resistance zone at 113.850 for take profit.
For reference only, not investment advice. Trading decisions are your own.