FX:AUDJPY   Australian Dollar/Japanese Yen
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The secondary trend of AUDJPY             is sideways on charts. In its hourly chart, the pair is not sustaining at higher levels and consolidating with strong negative bias to show downside movement in the market. Its 30 and 200 DMA are also supporting the upcoming bearish trend in the pair. It is having an important support at the level of 85.60. If it breaks its support level and sustains below it then we can expect it to show further bearish movement in the pair.
INDICATORS:-
MACD is sustaining in selling territory supporting the upcoming bearish trend in the pair.
RSI is also sustaining near the selling territory indicating the upcoming bearish trend in the pair.
STRATEGY: AUDJPY             is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.
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