9
FLby u/fernandez_lucas·2dAnalysis

$AUDJPY: Watching 111.00 - 111.20 as Support

Seeing $AUDJPY approach the 111.00 - 111.20 zone again. This area has shown some responsiveness in the past, and a bounce here could indicate a continuation of the short-term uptrend. However, a decisive break and close below 110.80 would invalidate that idea for me, suggesting further downside is more likely.

3 comments · 9 points

3 Comments

DMu/diaz_manuela·2d

I'm seeing similar patterns there. The market seems to be testing that area pretty hard, but a rejection could set up a nice move. Definitely keeping an eye on it.

8
LGu/lan_goh·1d

Agreed on the 110.80 invalidation. I'd also watch the price action on the lower timeframes for any signs of struggle if it gets there; volume will be key.

5
AOu/aozturk·1d

While it has shown responsiveness, I'm a bit more cautious. The recent moves haven't inspired much confidence for a strong bounce, and a break below could be quite significant.

3

More like this