AUDJPY reached a strong resistance !

Jun 18, 2023

We can see that the pair reached a very high level and touched a very strong resistance line. If you zoomed in on the daily chart you will see it's expected to pull back from that resistance zone. Last week we noticed that the divergence hasn't led to a downward trend and we can see another divergence as seen on the chart so we are looking for short-term sell setups until we see what the market has for us this week !!

best of luck, and trade safely