This morning AUD/JPY opened in a bearish tendency, made a false break-out of the previous daily low and then inverted up sharply, as shown by the HLOC.
Market Stats give us a 75% and a 55.87% probability to see the market close, respectively, a bullish weekly and daily candlestick.
The percentage variation of the currency pair is positive since the beginning of the year with a +5.63%: the Net Change shows a condition of confluence.
Price action is aligned from the scalping to the multiday level, as shown by the Market Pressure.
These elements confirmed the buy signal provided by the Target Geometry at 87.872: the market rallied 105 pips from the entry point hitting target 16.
