FX:AUDJPY   Australian Dollar / Japanese Yen
Previous highs have been rejected creating the sell off pressure after the bull run we witnesses across the board due to a weak YEN. The 4 hour time frame is now in the exhaustion phase retesting the 4 hour time frame 50EMA and horizontal resistance. A 10am 4 hour evening star candle close will be a valid rejection however we do not enter trades off of the 4 hour time frame we much prefer to achieve a tighter entry with a tighter stop loss. Therefore we can head down to the 1 hour or even 15 minute time frame for entry once price exhausts after the "potential" 10am bear close for the 4 hour. Next chart check in for AJ will be at 10am.

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