AUDJPY: DESCENDING TRIANGLE PATTERN
AUDJPY: DESCENDING TRIANGLE PATTERN SPOTTED DAILY TIME FRAME.
Market is currently trading in a Bearish Market structure(forming lower lows and lower highs).
Intensity of bears in market is also higher.
Market is expected to remain bearish for upcoming trading sessions.
Market may test support level of 80.500 in near future.
Major resistance level will remain active at the level of 95.500.
Market is currently trading in a Bearish Market structure(forming lower lows and lower highs).
Intensity of bears in market is also higher.
Market is expected to remain bearish for upcoming trading sessions.
Market may test support level of 80.500 in near future.
Major resistance level will remain active at the level of 95.500.
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