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AUDJPY 1hour Analysis December 15th, 2020

Long
Australian Dollar / Japanese Yen (OANDA:AUDJPY)  
Forex_League_Analysis  
OANDA:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis
3
0
trendanalysis
Price is forming a falling wedge which favors a corrective bullish pattern. We are looking for price to find support around 78.20. We can enter aggressively there on bullish engulfing, or we can wait for a break and retest of the corrective structure. Looking for a clean break above 78.4. Drop down timeframes to play the retest, and enter on bullish engulfing/variations.
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