Audjpysell
AUDJPY Weekly AnalisysPrice has reached the weekly TL one more time and leaving big 4h and daily sahdows above it indicating and confirming hwo strong this resistence is ,so in order to go short i would liek to see a close below the CTL and 4h intraday channel to confirm a new bearish structure formation and a new possible low
AUDJPY reversed from resistance, potential drop!
AUDJPY reversed off its resistance at 75.135 where it could potentially drop further to 73.958.
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AUDJPY potential reversal!
AUDJPY expected to rise up to 1st resistance at 75.135 where it could potentially react off and drop down to 1st support at 73.958.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.