Next Move for AUD/JPY After Revisiting 74.96

Jun 15,2019 04:24   Source:Earnforex
By confirming 76.00 as resistance and revisiting 74.96 the price opens the door to very interesting possibilities. Long-term perspective The Australian dollar versus the Japanese yen currency pair managed to print on June 10, 2019, a bearish engulfing pattern in a very sensitive area: the 76.00 psychological level. This pattern came after a consolidation phase that formed, of course, under the level. In other words, it was the trigger that the bears were searching for. […]

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