AUDJPY > A Possible Bearish Entry May Come Soon!

Analysis of #AUDJPY

Hi traders, today we will have a look at #AUDJPY


As you probably know that all AUDJPY is very strong today due to strong fundamental news overnight,

Looking at the chart you can see in the market is going up to test the daily structural resistance zone near 93.00, previously when the market was here at this level it dropped substantially

We can expect the market to show a bearish reaction if it comes inside this zone again.

If the market comes and tests my supply zone, we can drop to the lower time frame and look for the reversal patterns and confirmation we are turning bearish before selling the market targeting the next level of support

IMPORTANT: The Aussie momentum is to the upside after the CPI news, wait for confirmation before entry

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Thanks for your continued support!