AUDJPY 4hour Analysis October 16th, 2022

AUDJPY Bearish idea

Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish

Trade scenario 1: AJ is also looking very bearish going into this week.

Ideally, price action can form a clear lower high below 93.000 resistance and give us good entry opportunities.

Look to target lower toward 91.000 support.

Trade scenario 2: For us to consider AJ more bullish we first would need to see a break back above 93.000 resistance with a confirmed higher low above.
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