AUDJPY is testing the descending channel resistance on a weekly timeframe.
Price has been consolidating in a rectangular pattern at the resistance since June.
We could see a breakout above the rectangular pattern resistance as bullish ⬆️ and a breadown below the rectangular pattern support as bearish ⬇️.
Price has been consolidating in a rectangular pattern at the resistance since June.
We could see a breakout above the rectangular pattern resistance as bullish ⬆️ and a breadown below the rectangular pattern support as bearish ⬇️.