AUDJPY BEARISH

❤️Forex Besties❤️

INFORMATION

The strong short-term decline in AUD/JPY calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 97.47 JPY, one could consider taking advantage of the short-term movement. The first bearish objective is located at 97.04 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 96.80 JPY as an objective. Crossing it would then enable sellers to target 96.41 JPY. Be careful, a return to above 97.47 JPY could jeopardize the reversal.

🔥SELL AUDJPY 97.800 - 98.900 SL @188.127

✅TP 1 @ 97.600
✅TP 2 @ 97.300
✅TP 3 @ 97.100


❤️FOREX BESTIES WEB - Technical Analysis

Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS

❤️NOTE
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.


❤️MONEY CAPITAL MANAGEMENT

⚡️ Only Trade With Risk Capital
⚡️ Cut Losses Short, Let Profits Run On
⚡️ Avoid Using Too Much Leverage
⚡️ Avoid Taking Too Much Heat
⚡️ Do Not Give in to Greed
⚡️ Take profit equal to 4-6% of your capital
⚡️ Stop lose equal to 2-3% of your capital