M Formation formed over the last few weeks.
Price has broken below the neckline showing downside to come.
200 >21>7
Price<200
RSI<50
Target 88.35 Yen
Interesting Facts
Australia is a major exporter of natural resources such as iron ore and coal, which are in high demand in Japan, a country with limited natural resources.
Japan is the largest foreign investor in Australia, with Japanese companies having a significant presence in industries such as automotive, electronics, and mining.
The AUD/JPY is often influenced by factors such as interest rate differentials between Australia and Japan, commodity prices, and economic indicators such as GDP growth and inflation.
The AUD/JPY has a high correlation with other commodity-linked currencies such as the Canadian dollar (CAD) and New Zealand dollar (NZD).
Price has broken below the neckline showing downside to come.
200 >21>7
Price<200
RSI<50
Target 88.35 Yen
Interesting Facts
Australia is a major exporter of natural resources such as iron ore and coal, which are in high demand in Japan, a country with limited natural resources.
Japan is the largest foreign investor in Australia, with Japanese companies having a significant presence in industries such as automotive, electronics, and mining.
The AUD/JPY is often influenced by factors such as interest rate differentials between Australia and Japan, commodity prices, and economic indicators such as GDP growth and inflation.
The AUD/JPY has a high correlation with other commodity-linked currencies such as the Canadian dollar (CAD) and New Zealand dollar (NZD).
✅ Facebook:
www.facebook.com/groups/matitrader
🌐Website:
www.timonandmati.com
💰FREE Discord:
discord.gg/c8f37kyv35
Twitter:
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
www.facebook.com/groups/matitrader
🌐Website:
www.timonandmati.com
💰FREE Discord:
discord.gg/c8f37kyv35
Twitter:
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)