Hi traders:
From my weekly outlook and daily update analysis, I have been paying attention to AUDJPY and otjer JPY pairs as well.
WE do see a double top rejection, and we see price break above the channel structure, but quickly retrace back down.
What is key to me is the structures that will be forming here on the lower time frame, are we getting a continuation correction to confirm this bearish run, and we can expect price to move down to bottom of the channel.
I will then re-evaluate the price action then, to see if there is more continuation correction to take the price down further.
Thank you
From my weekly outlook and daily update analysis, I have been paying attention to AUDJPY and otjer JPY pairs as well.
WE do see a double top rejection, and we see price break above the channel structure, but quickly retrace back down.
What is key to me is the structures that will be forming here on the lower time frame, are we getting a continuation correction to confirm this bearish run, and we can expect price to move down to bottom of the channel.
I will then re-evaluate the price action then, to see if there is more continuation correction to take the price down further.
Thank you
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Higher time frame:
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