The Australian yen and the expected scenarios in the medium and long term

Analysis of the Australian Yen pair for the daily frame.

 

The Australian Yen has started to return to the upward trend again.

The pair is expected to continue rising for the current period to the supply areas above.

At the moment, there is more than one expectation for the pair..

The first expectation is to fall from the first supply areas and return to decline again.

The second expectation is to continue the rise provided that the supply areas are penetrated and closed above them.

It is preferable to enter and exploit the movement on lower frames such as the four-hour and hourly frames.