All comments and likes are very appreciated.
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It seems that AUDJPY completed corrective ABC waves within a downtrend and currently completing possible wave 2 out of 5 new downtrend waves.
Also on a daily timeframe, AUDJPY hit 200MA which serves as strong moving resistance for this pair. Also, we can observe two strong resistance level 75.3 and 75.45. If these resistance levels hold - we can expect AUDJPY to go down at least 100pips.
_________________________________________________________________________________________________________________
All comments and likes are very appreciated.
Best Regards,
I0_USD_of_Warren_Buffett
_________________________________________________________________________________________________________________
It seems that AUDJPY completed corrective ABC waves within a downtrend and currently completing possible wave 2 out of 5 new downtrend waves.
Also on a daily timeframe, AUDJPY hit 200MA which serves as strong moving resistance for this pair. Also, we can observe two strong resistance level 75.3 and 75.45. If these resistance levels hold - we can expect AUDJPY to go down at least 100pips.
_________________________________________________________________________________________________________________
All comments and likes are very appreciated.
Best Regards,
I0_USD_of_Warren_Buffett
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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.