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forexwithfred

AUD/JPY - Supply & Demand Analysis

Short
Australian Dollar / Japanese Yen (FX:AUDJPY)  
forexwithfred  
FX:AUDJPY   Australian Dollar / Japanese Yen
Technical Indicators Chart Patterns Trend Analysis Technical Analysis Supply Zone retracement Fibonacci Retracement
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indicator chartpattern trendanalysis technicalanalysis supplyzone retracement fibonacciretracement
AUD/JPY showing bearish sentiment with 61.8 fib holding, will wait for drop

200EMA is still below price, which could justify short-term bullish momentum before dropping towards demand zone

D1 timeframe forecasting bearish EMA cross (10 & 42EMA)

Price has tested supply zone multiple times, showing strength as a resistance zone
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