AUDJPY TOUCHES PREVIOUS MONTH HIGH - PROBABLES FOR TRADE

AUDJPY is trading in ascending channel and is nearing resistance point which can cause a selling pressure for the pair. And the price action contained between upward sloping parallel lines. Higher highs and higher lows characterize this price pattern. In our technical analysis, we have constructed an ascending channel by drawing a lower trend line that connects the swing lows, and an upper channel line that joins the swing highs. We will take an entry at 76.71 to reach 75.00 levels to the top.