DETAIL

The AUD/JPY currency pair is currently expected to move lower. This bearish outlook is supported by a downward trendline, along with the formation of a swing high, indicating weakening buying pressure.

Additionally, a candlestick confirmation pattern further strengthens the bearish bias, suggesting a valid downside potential in the short term.

Recommendation:

Sell AUD/JPY
Entry: 94.612
Take Profit: 94.226
Stop Loss: 94.945

*DISCLAIMER: All content in daily forex news is informative. PT. Maxco Futures does not guarantee its accuracy and completeness. The company is not responsible for investment losses due to the use of the information contained.

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