AUDJPY: Consolidation on Key Level
AUDJPY is standing for 6 days on a key daily structure.
On 4H the price is trading within a horizontal decision range.
Most of the time, the side of the breakout (4H candle close above/below) of the range will show the future direction of the market.
In case of a bullish violation, I will expect a continuation to 77.4 level.
In case of a bearish violation, the price will most likely drop to 76.0.
Be patient and wait for the decision,
then just follow the market.
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