AUDJPY: Overbought Market & Confirmation 🇦🇺🇯🇵

Short

Australian Dollar / Japanese Yen (OANDA:AUDJPY)

Updated

OANDA:AUDJPY Australian Dollar / Japanese Yen

candlestick mtfa triangle audjpy yen japaneseyen australiandollar aussie forex

Hey traders,

AUDJPY reached year's high last week.
Coiling on that the price formed a dodji candle on 3 days.

Contracting within a symmetrical triangle on 4H time frame,
this morning it was broken to the downside.

Now the price may drop lower.

Intraday supports:
84.75
84.35

For safe entries consider the occasional retest.

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