The AUDJPY Stuck in Consolidation
Australian Dollar/Japanese Yen FX:AUDJPY
Last post: March 25th. See chart.
Review: Price had broken support. The bears were showing signs of moving to 80.00.
Update: Price reversed, soon after breaking out, taking price into a consolidation.
Conclusion: Price found resistance last week and showing signs of bearishness again. Standing aside until 80.00 is confirmed as resistance.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading