AUD/JPY SHORT FROM RESISTANCE

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Hello,Friends!

AUD/JPY pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 106.780 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.

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We are seeing a good move already so we will keep the trade running!
AUDJPYBearish PatternsChart PatternsforecastForexSELLshorttecnhicalanalysistradingTrend AnalysisWave Analysis

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