Will AudJpy break above resistance and rise to 100?
Updated
Since April's high and the correction marked by 12 May's low, AudJpy has started to consolidate and has made new and new attempts to break above the previous high.
In this period clear support has formed at 92 and, although not perfect, an ascending triangle is formed.
The pairs seem to press on this 96 zone resistance and a break above could expose very important 100 resistance.
The bears get control only with a break under 94.
In this period clear support has formed at 92 and, although not perfect, an ascending triangle is formed.
The pairs seem to press on this 96 zone resistance and a break above could expose very important 100 resistance.
The bears get control only with a break under 94.
Comment
Audjpy is trading comfortably above resistance
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