Here is my markup for AUDJPY dated 10/06/2024.
As expected AUDJPYs growth has had an increase is bearish pressure. Signs of a bearish takeover are emerging, suggesting possible short-term or further consolidation since the impressive rally in early May.
After breaking key structure and shifting momentum i can see a big sell off coming and I hope you can see why.
Using Fibonacci I have found an extreme area of premium pricing to short from. Firstly targeting the most recent low and eventually the imbalance to the left.