AUDJPY? What do you think?

2017年8月6日

AUDJPY appears to be forming a bearish setup. Earning are in a couple of days which may tip the scale and send the pair sliding downward. It may have additional upward momentum before heading down, but it is hard to tell. I would suspect buyers would continue to jump in since the forecast/expectations are high. Over the next few days, after the 8th, if things go as planned I would suspect move to the downside. What do you think?

#Bearishbat #Resistance #Overbought #AUDJPY