AUDJPY posted a strong rally to a new Higher High, but the recent breakout above resistance at 94.85 proved to be false, with price pulling back beneath the resistance zone. The pair is now consolidating just below this level, showing early signs of potential weakness. A confirmed rejection and breakdown below 94.20 would reinforce the bearish case for a move back toward 93.50.📈 Key Levels
- Buy zone: 93.50–93.70
- Sell trigger: loss of 94.00–94.20 support
- Target: 93.50
- Buy trigger: strong reclaim of 94.85 resistance
💡 Risks
- Re-entry above the broken resistance could revive bullish momentum
- Price structure remains within a broader uptrend unless 93.50 breaks
- Lower volatility could limit short-term follow-through
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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🌎WebSite: lingrid.org
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.
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.