AUDJPY Short

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We can see that AUDJPY has made a double top, and currently has broken the upward trend, i am currently in a short position with targets at 102.857, it is important to observe whether prices would rebound off 103.500 with previous double bottom making the current drop a possible triple bottom

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تم فتح الصفقة

will it break the previous double bottom?

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تم فتح الصفقة

1h candle has break through previous double bottom support

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أغلقت الصفقة: تم الوصول للهدف

we see a strong rejection on the double bottom

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ملاحظة

currently it seems that AUDJPY is trading within the zones of the double top and bottom

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ملاحظة

while all other yen pairs give bearish sign such as a strong 1h rejection candle, I would personally not trade AUDJPY as the reasons above, it seems to be trading within 103.474-104.564, it would be important to be patient as inflationary pressures for Australia is still relatively strong