Australian Dollar / Japanese Yen
Short
Updated

AUDJPY Sell - Weekly Trend Resistance Rejected

102
Would be interesting to see if bearish pennant or something similar forms here after rejecting the weekly trend to continue the distribution just occurred. COT reports have shown clear change in sentiment over past 3 weeks - see Monthly Idea for data.
Next Target 82.
Note
Turned out to be a small megaphone.

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.