spesfinancial

AUDJPY Possible short setup

Short
FX:AUDJPY   Australian Dollar / Japanese Yen
Tomorrow I would like to focus on the short opportunity on AUDJPY. As can be seen, upside trendline and horizontal support have been broken, and the price also has a fake breakout movement on the horizontal resistance (which is previous support). Yesterday's large bearish candle determines short-term selling market, I'd like to look for sell signals on lower time frame when price breaks yesterday's low at around 87.10. There is a possible day upside trendline below, try to protect short position when price reaches there. Price is possible to test 85.50 support, and then 85.56 support if it continues to drop.

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