AUDJPY is trading in downtrend
Price broke corrective uptrendline
Strong bearish wave (a) ended at level 81.35 then corrective bullish wave (b) rejected from key level corresponding to 50% Fibonacci level at 82.75
Below SMA 100
MACD shows bearish momentum
we r waiting price to break support level at 82.05 to open short trade
It's expected forming bearish wave (c) to target support level at 80.00
Price broke corrective uptrendline
Strong bearish wave (a) ended at level 81.35 then corrective bullish wave (b) rejected from key level corresponding to 50% Fibonacci level at 82.75
Below SMA 100
MACD shows bearish momentum
we r waiting price to break support level at 82.05 to open short trade
It's expected forming bearish wave (c) to target support level at 80.00