FX:AUDJPY   Australian Dollar / Japanese Yen
58 4
With a break of my weekly Res which has now turned into Sup. I expect further bullish movement in this pair with my 1st TP being at around the 91.260 level zone.
I see a fall its hitting strong resistance levels & with the aussie not having a rate hike. I can see a gradual drop.
Tebogo_Rap Jamal92
@Jamal92, It bounced off my weekly support on the 4hr TF, Thats why I feel this way.
But thanks for your comment, we will have to sit back and see what happens
+1 Reply
Jamal92 Tebogo_Rap
@Tebogo_Rap, Your trendline looks valid. I see a drop to around 85.00 which will develop a higher low. Long term its a long I am with you but with the RSI and stochastic both indicating as overbought I will see a gradual drop.
Tebogo_Rap Jamal92
@Jamal92, A Doji has been formed and we might just see it going down
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