AUDJPY Bearish idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Overall AJ is looking bullish but price action is struggling to break above 94.750 resistance.
We can see price action is resting right near resistance so the most likely situation is AJ falling back to 93.750 support.
Trade scenario 2: For us to confirm AJ as full bullish again we need to see a break above 94.750 with a confirmed higher low above.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Overall AJ is looking bullish but price action is struggling to break above 94.750 resistance.
We can see price action is resting right near resistance so the most likely situation is AJ falling back to 93.750 support.
Trade scenario 2: For us to confirm AJ as full bullish again we need to see a break above 94.750 with a confirmed higher low above.