Prices testing ^R2 (resistance 2) levels were there is also long standing trend line resistance any trading through this level would suggest further upside in the AUD/JPY exchange rate. MACD reading's are showing inverse divergence which is when the most recent swing high registers a higher reading on the MACD relative to the previous swing high thus being a bearish set-up.
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.