AUDJPY Friday break. Await for retest or another swing.
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.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.