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AUD/JPY Bouncing at the Weekly Channel

Short
Australian Dollar / Japanese Yen (FX:AUDJPY)  
ThinkingAntsOk  
FX:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Support and Resistance Multiple Time Frame Analysis aud jpy AUDJPY short Bearish Patterns analysis setup
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trendanalysis supportandresistance mtfa aud jpy audjpy short bearish analysis setup
🔸WEEKLY CHART EXPLANATION:
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🔸On the Weekly Timeframe, we can observe that price has been moving on a Descending Channel since 2015.
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🔸Now, it has bounced at the upper trendline, making a lower high.
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🔸We consider that this pair has potential to make a downside move towards the Support Zone.
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🔸 Will look for a lower timeframe bearish setup.

🔸DAILY CHART ANALYSIS:

snapshot
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