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AUDJPY 4hour Analysis August 15th, 2021

Long
Australian Dollar / Japanese Yen (FX:AUDJPY)  
ForexLeague  
FX:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators Forex forexsignals forexleague priceaction Technical Analysis AUDJPY aj aud jpy
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trendanalysis chartpattern indicator forex forexsignals forexleague priceaction technicalanalysis audjpy aj aud jpy
AUDJPY Bearish idea

Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish

Trade scenario 1: Still looking bearish and this could be the break! Huge bearish momentum is seen coming off resistance around 81.400. Now we’re looking for break support at 80.750 with a lower high below.

Trade scenario 2: For us to consider AJ bullish we would need to see a break above 81.400 with a confirmed higher low above.
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