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Uncharted-FX

AUDJPY Friday break. Await for retest or another swing.

Short
Australian Dollar / Japanese Yen (FX:AUDJPY)  
Uncharted-FX  
FX:AUDJPY   Australian Dollar / Japanese Yen
Support and Resistance Candlestick Analysis Rectangle AUDJPY audjpyshort Forex forexsignals forextrading forextradingzones
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supportandresistance candlestick rectangle audjpy audjpyshort forex forexsignals forextrading forextradingzones
AUDJPY did create a topping pattern at resistance. We then broke below a support level on Friday with a very strong red candle indicating the strength of the break.

Unfortunately this happened on a Friday. We will look for follow through for the upcoming week. Will await either a retest of support now turned resistance, or look for a lower high to be made.

74.60-.70 zone would be first targets, so you would need to watch your risk vs reward when entering.
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