AUD/JPY Bears are Still in Control

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

AUD/JPY is showing a marubozu candle and we should see a move down.

The AUD/JPY is bearish and it’s a very obvious downtrend. We should see continuation down as a part of general momentum and current trend. Strong marubozu in the daily time frame is a  signal for bears to move. Targets are 83.00 followed by 82.50 and 82.08. Selling the rallies is the best option now.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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