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ThinkingAntsOk

AUD/JPY On the Reversal Zone by ThinkingAntsOk

Short
Australian Dollar / Japanese Yen (FX:AUDJPY)  
ThinkingAntsOk  
FX:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Support and Resistance Multiple Time Frame Analysis aud jpy AUDJPY short Bearish Patterns USD dollar analysis
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trendanalysis supportandresistance mtfa aud jpy audjpy short bearish usd dollar analysis
🔸 WEEKLY CHART EXPLANATION:
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🔸 Price is on a downtrend since 2013.
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🔸 It is now on a pullback to the broken Support Zone (now Resistance Zone).
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🔸 We expect a rejection here, and, in that case, price has potential to reach the Support Zone/Descending Trendline.
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🔸 Will look for a lower timeframe bearish setup.

🔸DAILY CHART ANALYSIS:

snapshot

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