AUDJPY is rejected from the channel top

AUDJPY downside reversal

 

AUDJPY is testing the downside reversal resistance 90.60 after rejecting the channel top 94. A break below this resistance of 90.60 will lead to an extension lower to the 85-86 zone, the last support for the upside continuation before the significant 82 level downside resistance for a complete reversal of the recent uptrend.

Note: look for the short trade entries with the stop loss above 92

 

AUDJPY downside reversal

 

 

 

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