The AUDJPY back at Support

The AUDJPY back at Support


Last post: May 29th. See chart.

Review: Price was back at the support zone following good bearish moves. We wanted price to clear support and continue weakening.

Update: Price did not break support. Instead, it bounced off support, pulled back to the resistance high, bounced off resistance and is now back at the support zone .

Conclusion: This is very much in consolidation but our bias is with a bearish breakout. Standing aside until a breakout is confirmed.

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