AUDJPY Forecast
D1 - Price has reached an important resistance zone, we have a hidden bearish divergence followed by potential continuing divergence.
H4 - We have two key resistance zones that have formed based on the fibonacci expansion levels of the cycles we have.
Price has reached the first key resistance zone, bearish divergence.
H1 - The swing on the H1 chart is approximately at the round psychological 69.00 level.
If we get a valid breakout below uptrend line and the low at 69.02 we may then expect further continuation lower.
H4 - We have two key resistance zones that have formed based on the fibonacci expansion levels of the cycles we have.
Price has reached the first key resistance zone, bearish divergence.
H1 - The swing on the H1 chart is approximately at the round psychological 69.00 level.
If we get a valid breakout below uptrend line and the low at 69.02 we may then expect further continuation lower.
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