My previous analysis for AUDJPY short didn't work well although we were able to make a decent 30 pips from an intraday sell.
Looking at the hourly chart, AUDJPY has once again moved above the 100 hour EMA. So, as long as it stays above this area, an uptrend to 69.20 and beyond is not out of the question.
On the other hand a drop below the EMA and the Lower TL of the pennant structure will lead to bearish pressure once again.
Looking at the hourly chart, AUDJPY has once again moved above the 100 hour EMA. So, as long as it stays above this area, an uptrend to 69.20 and beyond is not out of the question.
On the other hand a drop below the EMA and the Lower TL of the pennant structure will lead to bearish pressure once again.