themarketzone

Weekly trendline still holding. Will it break?

FX:AUDJPY   Australian Dollar / Japanese Yen
The weekly trendline I mentioned in my Weekly Markets Analysis newsletter is still preventing the $AUDJPY from continuing its trip towards the 90 zone.
Can the trendline hold till the end of the week? Or will we see the breakdown.
In case of a pullback higher I will look for reversal patterns near 95-96 to try a possible downward move.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.