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AUDJPY has more reasons to resume the downtrend
AUDJPY
, 1DShort
AUDJPY: AUDJPY has more reasons to resume the downtrend

On the daily timeframe, AUDJPY pair edged lower after breaking below the rising wedge supported by weak momentum as well as the major trendline and the key support 82.50 My technical bias is bearish but after a confirmed breakout below the 200EMA on the daily timeframe to resume the downtrend and target levels of 78.46

Buy the lows, sell the highs on AUDJPY!
AUDJPY
, 480
AUDJPY: Buy the lows, sell the highs on AUDJPY!
Updated 

Due to indecision among traders on the risk sentiment in the markets, AUD (risk currency) fluctuates against JPY (safe haven currency) between levels of support and resistance around 85 and 82.50 levels respectively. The technical strategy to use on AUDJPY during this period is buy the lows, sell the highs with stops just above the resistance levels in short...

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