AUDJPY 4hour Analysis September 25th, 2022

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AUDJPY Bearish idea

Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish

Trade scenario 1: Currently AJ is in a steep downtrend and it will be hard to catch falling price action.

Ideally, we will look for a retest of 95.000 resistance with convincing bearish variations to enter short on. Look to target lower toward 93.000 support.

Trade scenario 2: If we are to consider AJ bullish we would first need to see a break above 95.000 resistance with a higher low above.

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