AUDJPY is bearish below 93.80 with the trend of decreasing, The MACD signal line (blue) is below the zero line which indicates a sell signal, The histogram shows that AUDJPY is in overbought condition and it has been rising for 5 periods, There are many bullish signals but they all have high risk as seen from the recent price action.

Key Support Zone 92.62-92.80 Key Resistance zone: 98.18

Trade Idea:

Order Type: Sell

Pair: AUDJPY

Entry price: 93.80

Stop Loss: 94.18 TP1: 92.80-92.62


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Disclaimer: This content is strictly for informational purposes only and does not constitute investment advice. Trading in any financial market involves risk.