On our idea price can be retesting the last support again
in our idea as long as the price can not breaking the level 79.05 has bearish potential and can retesting last support again.
Divergence and flag pattern. support area can be rejecting the trend again have good Risk to Rewards. be patient.
candles showing that the uptrend wave is not as strong as before
now we can think about level 67.285 that if prices need recovery can stopping the downfall prices.
level 67.559 and 67.618 first support that I hope that will be breaking and prices can continue wave to level 68.344 and 68.393.
Price is starting towards move downtrend channel middleline and if it will be breaking that our Tp will be upper lines on level 68.344
Since 01 July 2019, the Candelas had relatively good reject after dealing with the specified level and make long shadows on that, indicating that sellers are leaving the market at this level.
The current level of 66.686 has been resisting the fall since 01 September 2015
AUD JPY on the Daily time frame is currently negative and can continue Downtrend. but when you see 15 min time frame you can find 2 levels first one is the level 72.11 and 72.04 that is last month's zero pivots and prices had a reaction on that yesterday. and upper levels are 72.43 and 72.47 if prices on this attack that is on that can not breaking level 72.11...
buyers have maximum pressure on the price but I think the price needs recovery if want continues to wave.