Trade of the Day AUDJPY

AUDJPY is testing the strong upside resistance

 

AUDJPY is reaching the confluence of the upside resistance 81.50. Failure here could lead to a prolonged downside continuation to 76. A break above this resistance would lead to a reversal higher. Price action is indicating a downtrend retrace.

Note: look for the short trade entries with the stop loss above 82

AUDJPY price action trading strategy

 

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