AUDJPY – Rounding Top Breakdown Signals Bearish Continuation
AUDJPY has completed a Rounding Top Pattern on the 4H timeframe, with a clean breakout below the neckline support around the 95.00 area.
The pair failed to sustain above the resistance zone near 97.50–98.00.
Structure shift confirms a downtrend, with price forming lower highs and breaking strong supports.
As long as the price stays below the neckline, sellers may target the next support zone around 92.50–93.00.
A retest of the broken neckline could offer fresh short opportunities, while bulls must reclaim 96.00 to invalidate the bearish outlook.
This analysis is for educational purposes only, not financial advice.
The pair failed to sustain above the resistance zone near 97.50–98.00.
Structure shift confirms a downtrend, with price forming lower highs and breaking strong supports.
As long as the price stays below the neckline, sellers may target the next support zone around 92.50–93.00.
A retest of the broken neckline could offer fresh short opportunities, while bulls must reclaim 96.00 to invalidate the bearish outlook.
This analysis is for educational purposes only, not financial advice.
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