Price Level for AUDJPY is currently at a crucial level near its strong resistance level @70.10. Will AUDJPY break its resistance??? I doubt so for now and in fact I see it possibly retracing back to 67.80. We could also see AUDJPY filling its lower opening gap in the daily timeframe and what I expect AUDJPY to do now is a solid bearish movement down. Using the bollinger band to check the price level now, we can see that its currently at the upper band and could see a small rejection off it. However, we have to still monitor this pair slightly making sure a rejection occurs off this resistance level.
Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!!
Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!!