SuperSignalFX

AUDJPY - Weekly chart overview

FX:AUDJPY   澳幣 / 日圓
This weekly chart is posted to give a quick overview of the AUDJPY             technical context for the next weeks.
We can see that the pair has brokedown the support of the rising wedge . We can reasonably think that the downtrend will continue until 82.00 then 78.00 in extension. We will probably see some pullbacks during the decrease which could form a descending channel or a falling wedge depending on the strenght of the downtrend.
The best strategy to adopt is to look for pullbacks then enter short on high points of pullbacks.
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