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CurrencyWaves

#AUDJPY Daily Chart

Australian Dollar / Japanese Yen (FX:AUDJPY)  
CurrencyWaves Updated   
FX:AUDJPY   Australian Dollar / Japanese Yen
AUDJPY
3
0
audjpy
The 200 Day MA has been acting as resistance for some time now along with the down trend line. I do believe it will hold again and will be looking for shorts in the coming weeks. This consolidation looks like a 4th wave traingle in the works.

Note the divergence on the RSI.

Comment:
Looks like 200 Day MA and trend-line will hold again on the Daily. Note the RSI breaking down from its triangle.

snapshot

We still have a couple hours on this 4 hr candle but RSI is breaking 40 and price action looking bearish.

snapshot

Related Ideas

CurrencyWaves
#AUDJPY Reaching resistance and RSI 70
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