AUDJPY: Japanese Yen Continue to Strike Back?
Updated
Hello Fellow Forex Traders, Here's a Technical outlook on AUDJPY!
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Chart Perspective
AUDJPY is breaking out of the Bearish Flag pattern while rejecting resistance from previous support area. Breaking out of this pattern indicates a potential trend continuation from previous bearish bias. The MACD Indicator shown a death cross (waiting for candle close in 25 minutes from the time posted). The death cross signals a possibility of bearish trend continuation.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/ resistance area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the AUDJPY"
Support the channel by giving us thumbs up and sharing your opinions in the comment section below!
Chart Perspective
AUDJPY is breaking out of the Bearish Flag pattern while rejecting resistance from previous support area. Breaking out of this pattern indicates a potential trend continuation from previous bearish bias. The MACD Indicator shown a death cross (waiting for candle close in 25 minutes from the time posted). The death cross signals a possibility of bearish trend continuation.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/ resistance area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the AUDJPY"
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