We could be seeing a potential sell setup forming on AudJpy. On the daily charts, price has been in a bearish correction movement, which has caused the short-term to switch from bullish to bearish.
Now, we've just recently cracked a Significant Daily Level and come back to retest as resistance. For the time being, we are showing some bearish rejection away from the level but I'll want to look for some more selling pressure. If we could get a stronger, bearish candle closure to push away from this level, I'll be looking to place sells.
Now, we've just recently cracked a Significant Daily Level and come back to retest as resistance. For the time being, we are showing some bearish rejection away from the level but I'll want to look for some more selling pressure. If we could get a stronger, bearish candle closure to push away from this level, I'll be looking to place sells.
