After a second try to continuing to go up, AUDJPY is looking now for a bearish continuation.
Confirmations are there with a double top formation.
- Candles are below EMA
- We have solid rejection from sellers around @ 75.400
- Double TOP
- RSI not divergente
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Expecting price to make impulsive move to the upside.
Price should move towards one of the trend lines. Watch for buys
Hi, today we are going to talk about AUD/JPY and in a Day Trade opportunity.
We observe a 30 min chart, some important points such as supports and resistances (and levels of strength) to the Day Trade. The details are highlighted above.
Thank you for reading and leave your comments if you like.
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AUDJPY Update: Price retested previous structure support level and now rejecting to the downside as expected. Price could head to retest the bullish breakout structure level around 72.600-72.300, at least.