Pick a direction and make a plan : AUDJPYI do not know where this pair going to go. Sentiment wise, I see more weakness for the Aussie Dollar due to reports that Westpac has lifted home loan interest rates by 0.14%. Technically, price recently has tested last week's Low (consequently forming this two-week range). Today I am making a plan if AUDJPY going to go down further. Weekly range haven't been hit (135 pips) I've marked several levels in which when the price reaches there, I will wait for one of the following :
1- Bearish Engulfing Cande
2. Dark Cloud Cover
Targets according to the Average Daily Range for the pair (75 pips).
If you like this plan, have me a follow and thank you for reading
