AUDJPY Technical Analysis / Follow Up

⭐️Key Takeaways⭐️

✔️ Double Top Daily but price action still making higher highs
✔️ Waiting for the pair to give me further directional clues

⭐️Technical Analysis⭐️

As of writing this article, AUDJPY seems to consolidating rather than correcting. It does appear to have a double top currently but that reversal pattern could very well be discredited if this pair wants to move higher. In terms of risk to reward, I'd like to wait for some further confirmations of a bear trend emerging. The first clue will be if we're able to make a lower low on the daily timeframe.

Regards,
Michael Harding

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