AUDJPY is forming something remotely resembling a head and shoulders reversal pattern, based on consolidation support at 95.977. The price is consolidating near the level, the reaction to support is weakening, and the chances of a breakdown are growing. Consolidation of the price below 95.977 could increase pressure from sellers.
In addition, the fall of the dollar is causing the Japanese yen to strengthen, which could lead to a fall in the AUDJPY currency pair.
In addition, the fall of the dollar is causing the Japanese yen to strengthen, which could lead to a fall in the AUDJPY currency pair.
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❤️ Telegram channel: t.me/AndeWave
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.