Just as the other JPY pairs, AUDJPY has found bullish momentum for quite some days.
Although the 4H timeframe still points bearish, the bullish momentum is not to be overlooked.
Currently, at a resistance level, we're watching how price reacts before taking a position on this pair.
Price did reject the area initially but is now coming back at it with bullish momentum.
We still look for shorts until price breaks above the level confirming that buyers are willing to stay in this trend.
Although the 4H timeframe still points bearish, the bullish momentum is not to be overlooked.
Currently, at a resistance level, we're watching how price reacts before taking a position on this pair.
Price did reject the area initially but is now coming back at it with bullish momentum.
We still look for shorts until price breaks above the level confirming that buyers are willing to stay in this trend.