AUDJPY ANALYSIS 10-03-2021


AUD/JPY trading in uptrend 
price above SMA 100, SMA 200
MACD shows weakness of bullish momentum
RSI above 50

First scenario : if price break resistance level 1 around 84.00  and close above it  on 4h frame , it will confirm bullish movement to  resistance level 2 around 85.00 then to supply zone around 86.00

Second scenario : if price break support level  around 82.80 and close below it on 4h frame ,it will confirm bearish  movement  to uptrend line and key level around 82.00 then to HVN around 80.20

R3: 86.00
R2: 85.00
R1: 84.00
Pivot:  83.500
S1: 82.80 
S2: 82.00 
S3: 80.20