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.
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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