AUDJPY: Possible Trend Reversal

The price moved back to the uptrend line. Before it, we could see a failed attempt to develop an upward movement. The resistance zone between 74.00 and 74.50 level stopped the market. What does it mean for us?

It means that during the next week, probably we will see a breakout below the uptrend line. It will give us a trend reversal signal and sell opportunities from the daily and lower timeframes.

This market must be added to your watch list as it can provide interesting trading opportunities.