Forex Forecasts: AUDJPY The Bearish or The Bullish Scenario

The Australian Yen pair is at a resistance area that could push the pair down, as the pair moves inside a similar triangle, where the point 76.50 represents a pivotal point for further decline.

If the pair could breach the resistance area at 77.09, then it is a buying opportunity.

Trade active:

The buying scenario achieves the first target, a stop loss upon entry and a wait for the targets