AUDJPY is About to Continue its Downtrend
After a brief period of weakness, the JPY has regained strength, and it appears that the downward trend initiated several weeks ago is now continuing.
In the AUDJPY, we observe a bearish On-Balance Volume (OBV) divergence, along with a long, untested wick extending down to approximately 94.60.
This range presents itself as the perfect target zone for potential short trades.
In the AUDJPY, we observe a bearish On-Balance Volume (OBV) divergence, along with a long, untested wick extending down to approximately 94.60.
This range presents itself as the perfect target zone for potential short trades.