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AUDJPY 4hour Analysis June 27th, 2022

FX:AUDJPY   Australian Dollar / Japanese Yen
AUDJPY Neutral idea

Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish

Trade scenario 1: We are still overall bullish on AJ but we are clearly ranging here on the 4hour timeframe.

From here, the most likely scenario is that the range will continue.

Trade scenario 2: For us to consider AJ bullish again on this 4hour timeframe we need to see a break of resistance around 95.000 with structure above.

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