I believe we will see a new high toward 80.5 in the #AUDJPY before lower. There is a rising wedge forming that could b C of an ABC up as labeled or the entire move could be a C wave of a larger ABC. Eirther wat I am looking lower after the move up to 80.500 - 81.00.
Plenty of support on the RSI 40 and 70 is acting as resistance as price moves lower after hitting it. I am expecting it to hold again with some divergence as the pair makes new highs.
Plenty of support on the RSI 40 and 70 is acting as resistance as price moves lower after hitting it. I am expecting it to hold again with some divergence as the pair makes new highs.
Nota
We got the new high and now price has broken the trendline on a gap down and now trying to fill the gap and retest the trendline.Would like to see price close below the 79.00 support and the RSI to move below 40.00.
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