YGForex
Short

Possible Double Top for AUDJPY before BEARISH Movement!!!

FX:AUDJPY   Australian Dollar / Japanese Yen
Lets look at AUDJPY in a bigger picture first. What we can see is a strong downtrend which have yet to breakout at any point. Having said that, my bias towards AUDJPY will be BEARISH for now. We could also see a clean rejection off a strong resistance level last week and what I will be waiting to see is a possible double top forming before we see AUDJPY back in the BEARISH Movement. I will see it moving down to a strong support level @69.90. If we see a breakthrough there will could see a test to the trend support level (Bold Line).

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