Mon, Jan 18, 2021 @ 23:40 GMT
Home Contributors Technical Analysis AUD/JPY Consolidation In The Downtrend Should Trigger A Bearish Breakout

AUD/JPY Consolidation In The Downtrend Should Trigger A Bearish Breakout

The AUD/JPY has formed a sideways consolidation pattern while still capped below W H3 and HTF BB resistance.

Wizz LVL 8 should break and the price then will proceed down. There are multiple bearish signals but the price is still supported. 4h close below 72.03 targets 71.50 and 70.94. Look for a bearish continuation and a possible breakout as long as the pair is capped below 72.50.

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