FX:AUDJPY   Australian Dollar / Japanese Yen
We are seeing minor strength in the AUD and continued weakness in the JPY so fundamentals are to the upside, therefore we look for technical entries in that direction. we are seeing minor consolidation now on the 1h timeframe, probably due to the AUD not being as strong as most currencies at the moment. So we will be interested in placing a trade when this consolidation is broken to the upside, possibly breaking previous high too, exhaustion then we would look for entry confirmation for a trade to our next major area of sell pressure.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.