AUDJPY has given a good rally from its bottom and now it has given a good breakout from its rising wedge pattern, towards the downside. It has formed a complete head and shoulder pattern at the top, which is an indication of a trend reversal signal so, we might see a longer-term trend will be a downside. Target 1 is on the downside for AUDJPY will be supporting 1, at this point, it might be consolidated for now and then move for target 2, which is support 2 at the downside.

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Vivek_Samale
Vivek_Samale

I have half a decade of experience as a trader and enthusiastically learning & developing new strategies in algorithm trading & also analyzing the companies with New ESG method.