AUDJPY 30min Analysis December 22nd, 2020

Trade Scenario 1: Bearish - We can play a short off this 30min bearish engulfing at our previous support zone of 78.20 that has now look to be acting as resistance.

Trade Scenario 2: Bullish - If we are to look long we need to see price break above 78.20 and act as support once again. Enter on bullish engulfing/variations at or above this level.