AUD/JPY On the Reversal Zone by ThinkingAntsOk
🔸 WEEKLY CHART EXPLANATION:
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🔸 Price is on a downtrend since 2013.
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🔸 It is now on a pullback to the broken Support Zone (now Resistance Zone).
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🔸 We expect a rejection here, and, in that case, price has potential to reach the Support Zone/Descending Trendline.
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🔸 Will look for a lower timeframe bearish setup.
🔸DAILY CHART ANALYSIS:
.
.
🔸 Price is on a downtrend since 2013.
.
🔸 It is now on a pullback to the broken Support Zone (now Resistance Zone).
.
🔸 We expect a rejection here, and, in that case, price has potential to reach the Support Zone/Descending Trendline.
.
🔸 Will look for a lower timeframe bearish setup.
🔸DAILY CHART ANALYSIS:
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