AUDJPY: An attempt to read price action
AUDJPY is showing bearish price action in my view, as price failed to hold above the latest major swing high at 95.67 forming a gravestone doji candle, before dipping back below that level. The following bullish attempts was also rejected sharply forming a bearish shooting star. Such price action could be telling price is heading for more downside, or at least a period of choppy sideways action. I look for 94.45 as an initial downside target.
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