AUDJPY | HARMONICS IN PLAY?

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AUDJPY after being trading under the horizontal level of 86 since Feb 2018, we see a clean breakout from the level on 16th March 2022.

Now the Hot Question is: Where will be the top?

If you see on the chart, we have showed crab pattern which shows bearish reversal on 91 to 92 region which is also the weekly resistance zone.

The indicator RSI is also reaching the top of the zone and we can see a drop if the bulls continue to long.

Alternatively, If weekly resistance taken out then 100 level is on the card.

Play your levels accordingly.