AUD/JPY Bearish Divergence Could Initiate a Sell-Off

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Hi traders,

The AUD/JPY is showing signs of slowing down, so we could see a rejection from the 82.60 zone that is initiated by a regular bearish divergence.

The price is rejecting Upper Bollinger Band confluence and D H3 zone along with the big bearish candles. Trend line has been broken to the downside and we could see a bearish move that might carry over into the next week. Targets are 81.85 followed by 81.20. If 83.00 holds, we will see a straight bearish move, else the uptrend continues.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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