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AUD/JPY Bears Keep the Pair Under Pressure
After a small bounce off the 94.82 level, AUD/JPY has cleared stop losses below this level and consequently formed a Lower Low. A bearish continuation will lead the pair towards the support trendline of the 3-month bullish channel for starters, with the possibility of an even deeper retracement in May. AUD/JPY formed a Bearish Engulfing Bar on Wednesday, at the same time confirming the support line at 94.82. On Thursday the price action bar was activated when price dropped below 94.82. The daily close below this level suggests more losses are next. The pair is trading near the 200 Simple Moving Average on the 4H ... (full story)
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Pride always comes before destruction.... -Proverbs 16:18
DARWINEX ZERO All Time Return:
14.5%
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