AUD/JPY: Broken Channel Can Cause More Weakness

    AUDJPY is trading nicely down after seven swing corrective rally to 93.00, where wave Y was equal to wave W. So far we can see a strong turn down which looks like an impulse that also took out the lower side of a corrective channel so more weakness can be seen here after the current intraday bounce. Nice resistance is at 90.00, where broken trendline can become a resistance.

    By loading the video, you agree to YouTube’s privacy policy.
    Learn more

    Load video

    NO COMMENTS

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Exit mobile version