AUDJPY POSSIBLE SELL AWAITING CONFIRMATION

Price has currently hit a strong weekly resistance level, due to this reason we could see some bearish movement down towards our target. We could find price move lower maybe as price has been respecting our channel on the long term down trend. We will await further bearish confirmation before opening a position. Our anticipated target is around the 82.147 area, if price approaches this level we will remove our take profit and open a trailing stop and keep our stop loss in profit to gain maximum profit.

Trade closed: target reached