Audjpy weekly resistance
It seems AUDjpy has hit a point of indeciveness
Let's have a look and see what possible outcome is on its way.
Let's look at the price action first
We have a uptrend
Consolidation
A three drop and pullbacks
These drops created a support level.
But the rally on the last drop tested under the red support/resistance line.
We are seeing a play going on a Suttle one between bearish control and bullish control.
I guess you could say the drops is a sign that the bears are slowly taking over.
THE Bollinger bands also shows a compression and drop signal.
Also a sign that the bears are in control
The ichimoku cloud the market is underneath the cloud the kensan en kujin is also under the cloud
Chikou span inside the cloud.
Almost completely bearish also.
Possible drop to 82.953
If it breaks it could go to 79.435
Keep save and trade save
Let's have a look and see what possible outcome is on its way.
Let's look at the price action first
We have a uptrend
Consolidation
A three drop and pullbacks
These drops created a support level.
But the rally on the last drop tested under the red support/resistance line.
We are seeing a play going on a Suttle one between bearish control and bullish control.
I guess you could say the drops is a sign that the bears are slowly taking over.
THE Bollinger bands also shows a compression and drop signal.
Also a sign that the bears are in control
The ichimoku cloud the market is underneath the cloud the kensan en kujin is also under the cloud
Chikou span inside the cloud.
Almost completely bearish also.
Possible drop to 82.953
If it breaks it could go to 79.435
Keep save and trade save
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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.