AUDJPY: Current Resistance Should Push AUDJPY Down Further

AUDJPY: Current Resistance Should Push AUDJPY Down Further

Since the beginning of August, the price has developed below a strong resistance zone which is located near 94.90

Considering that the AUDJPY did not find any reason to move above this zone over the past month, chances are that it will likely continue to develop below this zone.

Currently, we also have to consider the BOJ's comments about a "quiet exit, from current interest rates".

The price should drop again soon.

You can find more details in the chart!

Thanks and good luck!