AUDJPY : Daily Chart

AUDJPY has tested the strong resistance trendline once again as well the shorter support trendline. The support trendline is rising faster than the resistance trendline and therefore buying energy is less. A rising wedge is forming were the two trendlines meet and indicates that buying energy is becoming less.

Enter short trade when the current candlestick closes outside of the trendline

Set Take Profit order at resistance levels 71.774 and/or 70.640.

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