Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
AUDJPY 4hour Analysis June 21st, 2020
Australian Dollar / Japanese Yen
Short
AUDJPY 4hour Analysis June 21st, 2020
By ForexLeague
Follow
Follow
Jun 21, 2020
9
Cheer
Cheer
Jun 21, 2020
AUDJPY Short idea
Higher timeframes are also bearish on this pair but we saw a huge rally which pushed price action to our monthly resistance zone around 76.000
From that level we saw a 4hour head & shoulders pattern which presented a very strong reversal after the neckline broke.
With this reversal and overall analysis in mind we will remain with a bearish sentiment and will continue to look for short opportunities.
At the current level we want to see strong bearish setups confirming this bearish continuation. Look to target toward our weekly support around 70.000
aud
AUDJPY
chartanalysis
Chart Patterns
Forex
forexsignals
Technical Indicators
jpy
patternanalysis
Technical Analysis
Trend Analysis
ForexLeague
Follow
Follow
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
.