YGForex
Short

Possible BEARISH Movement for AUDJPY!!!!

FX:AUDJPY   Australian Dollar / Japanese Yen
Price Level for AUDJPY is currently at a crucial level near its strong resistance level @70.10. Will AUDJPY break its resistance??? I doubt so for now and in fact I see it possibly retracing back to 67.80. We could also see AUDJPY filling its lower opening gap in the daily timeframe and what I expect AUDJPY to do now is a solid bearish movement down. Using the bollinger band to check the price level now, we can see that its currently at the upper band and could see a small rejection off it. However, we have to still monitor this pair slightly making sure a rejection occurs off this resistance level .

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