AUDJPY: 3 Falling Methods: Preparing For Drop Number 2

Jul 30, 2023

AUDJPY has come back up towards the highs of the range for a second time and has seemingly been rejected from the range. It is now breaking below trend and has confirmed a 3 Falling Methods at the break of the trend line. This time around I would expect a much deeper move down than the last time perhaps taking us to as low as the 1.618 Fibonacci Extension all the way down at around 30 AUD.