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AlkalineFX
Aug 24, 2020 9:36 AM

AUDJPY - Struggle Long

FX:AUDJPY60
Australian Dollar/Japanese YenFXCM

Description

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This pair really struggled to gain bearish momentum after aggressively breaking out of the significant ascending trendline. I expect the price to pull back into the previous structure before climbing up into the level marked.

69% are short according to COT Data Source
Trend AnalysisBeyond Technical AnalysisGannAUDJPYaudjpyshortaudjpylongTechnical Analysis
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