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jsaettele

AUDJPY Breakdown In Focus

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Australian Dollar / Japanese Yen (FX:AUDJPY)  
jsaettele  
FX:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Technical Indicators
2
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trendanalysis indicator
AUDJPY rolled over just shy of the noted 6 year trendline. Price is testing a massive level now from former resistance and a short term channel. A break below would in effect leave a failed breakout. Failed moves lead to fast moves and I’d be looking for 72.50/80 at that point. If price bounces here then watch for 77.10 resistance.
Director of Technical Research at Krilogy, author Sentiment in the Forex Market

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