AUDJPY Triangle Breakdown: Retracement Before Deeper Drop

21 Ogo

AUDJPY Triangle Breakdown: Retracement Before Deeper Drop

Two days ago, AUDJPY broke down from a well-defined triangle pattern, triggering a bearish move.

However, the JPY remains fundamentally weak, driven more by speculative headlines than a normal strength.

This imbalance suggests that AUDJPY could retrace higher, potentially reaching 95.40 before resuming its downward trajectory toward 94.00 and 92.70.

On the macro front, Australia continues to show signs of economic improvement, which adds resilience to the AUD. Given this backdrop, a sharp decline may be limited unless broader risk sentiment shifts.

You may find more details in the chart!
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22 Ogo

Dagangan aktif

🎯From our analysis on AUDJPY the price increased as expected to 95.40 and already reached the bullish target

Watch for potential reversal signs near to our reversal zone as I explained earlier.

The price already reacted well but again the risk remains high as we are at a moment with low volume indicated by the summer season, making difficult a change in trend