FX_IDC:AUDJPY   Australian Dollar / Japanese Yen
30 0
looking bearish . Top down analysis, weekly shows a 50 percent fib retracement has been completed. MA have tried to crossover to the upside but failed to do so, showing bearish momentum is still on track. Bearish trend line has been respected. counter trendline which is acting as support during this slight consolidation looks like it will give way soon. RSI Showing a hidden divergence, which is pointing towards the downside. we can also see price consolidating within a bearish pennant signalling sells will look to come in soon. next potential target would be the next monthly support
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