talahmet

AUDJPY Weekly analysis 6 June 2021

Short
SAXO:AUDJPY   Australian Dollar / Japanese Yen
It looks like AUDJPY start losing its momentum near 86.562 which is monthly supply zone . We expect price breaking the trendline and drop from the current price 84.807 to weekly demand area 80.925 that we will be in short side at every 4H or 1D supply zones.
2nd scenario might be price will go up directly to monthly supply and we will looking for next demand zone in 4H.
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