AUDJPY; A DESCENDING TRENDLINE| SELL
HELLO TRADERS
Before we talk about AUDJPY lets first take a look at the yen index JXY
JXY has been very bullish for the past few months and we expect that trend to continue
after we retested the support and now continuing higher, strength of JXY will lead to weakness in AUDJPY
as seen on the chart below
now back to AUDJPY
After respecting the descending channel a couple of times on the retest of the channel @ 0.91
we expect a continuation lower to 88.1
BREAK ABOVE 91.5 WILL MAKE THIS IDEA INVALID
IF YOU FIND THIS IDEA VALUABLE BOOST IT TO REACH MORE TRADERS
Before we talk about AUDJPY lets first take a look at the yen index JXY
JXY has been very bullish for the past few months and we expect that trend to continue
after we retested the support and now continuing higher, strength of JXY will lead to weakness in AUDJPY
as seen on the chart below
now back to AUDJPY
After respecting the descending channel a couple of times on the retest of the channel @ 0.91
we expect a continuation lower to 88.1
BREAK ABOVE 91.5 WILL MAKE THIS IDEA INVALID
IF YOU FIND THIS IDEA VALUABLE BOOST IT TO REACH MORE TRADERS
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