AUDJPY More Downside Possible, Watch For sell
Updated
Hello traders:
AUDJPY is showing more downside possibility, and we can certainly expect more JPY pairs to gain strength.
From the higher time frame, price formed double tops, H and S pattern and strong bearish reversal down.
On the lower time frame, price start to develop more bearish price action, with impulses follow by corrections downward. Good signs of the bearish momentum to continue.
Price just made another ascending channel as a continuation for more downside, watch for lower time frame bearish corrections to get in the sell down.
Thank you
Note
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.