Aussie Yen Long

The Aussie Yen presents an opportunity to go long against 3 supporting elements just above 75.00 on the intraday chart

1. The channel support

2. Horizontal resistance turned support

3. 200 period MAV

1. Enter long - around 75.05

2. Stop - below 74.00 ( recent swing low)

3. Target - 78.50 ( .618 extension)

4. RR = 3