AUDJPY Will Move Lower! Sell!

12 déc. 2024

Please, check our technical outlook for AUDJPY.

Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is testing a major horizontal structure 97.822.

Taking into consideration the structure & trend analysis, I believe that the market will reach 97.277 level soon.

P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.

Like and subscribe and comment my ideas if you enjoy them!

13 déc. 2024

Trade fermée: cible de profit atteinte

Great news, our trade has finally paid off!