aud/jpy positioned to sell
Current situation:
- Price is at minor resistance with more resistance above
- Price is in a long-term downtrend
Looking ahead:
- Waiting for the price to break down from the 76.25 area and move lower
- Price has tested support at 74.75 three times. A break would be significant.
Notes:
- Aussie employment numbers release on Wednesday. The forecast and results have been volatile.
- Price is at minor resistance with more resistance above
- Price is in a long-term downtrend
Looking ahead:
- Waiting for the price to break down from the 76.25 area and move lower
- Price has tested support at 74.75 three times. A break would be significant.
Notes:
- Aussie employment numbers release on Wednesday. The forecast and results have been volatile.
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