AUDJPY Update and future analysis

2019-12-11 17:42:22

Price is rallying beautifully from the depths of 73.930 and heading north towards the area around 74.332 and possibly crossing ways with the long term descending trendline together with the previous ascending trendline all of which forming a gud area of confluence. Any signs of weakness around that zone will see price crashing back down and even further. On the gud sign, aany signs of strength will send price breaking above the zone and heading even further to the sky!.. Will wait for price's reaction and decide accordingly.