AUDJPY is trading in downtrend
Price broke corrective uptrendline
Strong bearish wave ended at level 81.35 then corrective bullish wave rejected from key level corresponding to 50% Fibonacci level at 82.75
Below SMA 100
waiting price to break support level at 82. 05 for short setup
It's expected forming bearish wave to target support level at 80.00
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Price broke corrective uptrendline
Strong bearish wave ended at level 81.35 then corrective bullish wave rejected from key level corresponding to 50% Fibonacci level at 82.75
Below SMA 100
waiting price to break support level at 82. 05 for short setup
It's expected forming bearish wave to target support level at 80.00
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
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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.
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.