AUD/JPY Bouncing at the Weekly Channel
🔸WEEKLY CHART EXPLANATION:
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🔸On the Weekly Timeframe, we can observe that price has been moving on a Descending Channel since 2015.
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🔸Now, it has bounced at the upper trendline, making a lower high.
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🔸We consider that this pair has potential to make a downside move towards the Support Zone.
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🔸 Will look for a lower timeframe bearish setup.
🔸DAILY CHART ANALYSIS:
.
.
🔸On the Weekly Timeframe, we can observe that price has been moving on a Descending Channel since 2015.
.
🔸Now, it has bounced at the upper trendline, making a lower high.
.
🔸We consider that this pair has potential to make a downside move towards the Support Zone.
.
🔸 Will look for a lower timeframe bearish setup.
🔸DAILY CHART ANALYSIS:
Penafian
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