AUDJPY did create a topping pattern at resistance. We then broke below a support level on Friday with a very strong red candle indicating the strength of the break.
Unfortunately this happened on a Friday. We will look for follow through for the upcoming week. Will await either a retest of support now turned resistance, or look for a lower high to be made.
74.60-.70 zone would be first targets, so you would need to watch your risk vs reward when entering.
Unfortunately this happened on a Friday. We will look for follow through for the upcoming week. Will await either a retest of support now turned resistance, or look for a lower high to be made.
74.60-.70 zone would be first targets, so you would need to watch your risk vs reward when entering.