AUD/JPY Ready to retest 83.700?
Chart: Daily time frame
Mode: Down trending market
AUD/JPY after a long bearish run saw prices last week pull back to retest a key
resistance zone around the 83.700 area. With increased volatility, we're likely to see
prices this week bounce off these key levels again before resuming its bearish trend.
Bearish Evidence:
1. 20 EMA Below 50 EMA
2. Daily candlestick high above 20 EMA
3. Daily candlestick open/close below 20 EMA
4. Price bounced of 83.700 resistance zone (red box)
Targets:
Short Term Target set for @ 80.735
Long Term Target set for @ 75.400
Mode: Down trending market
AUD/JPY after a long bearish run saw prices last week pull back to retest a key
resistance zone around the 83.700 area. With increased volatility, we're likely to see
prices this week bounce off these key levels again before resuming its bearish trend.
Bearish Evidence:
1. 20 EMA Below 50 EMA
2. Daily candlestick high above 20 EMA
3. Daily candlestick open/close below 20 EMA
4. Price bounced of 83.700 resistance zone (red box)
Targets:
Short Term Target set for @ 80.735
Long Term Target set for @ 75.400
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.