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Lingrid | AUDJPY short from the strong RESISTACE zone

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Lingrid Uppdaterad   
FX:AUDJPY   Australiensisk dollar/Japansk yen
The price made a rejection at the resistance zone and bounced off. The bulls did not have enough strength to form a new high. Price action broke through the key level at 100.00. I think the AUDJPY might form a second impulse leg downside by breaking the channel border and retesting the lower support level. On the higher timeframe, the market formed equal lows, and prices might gravitate towards them. I expect the market to at least retest the channel border. My goal is to support around 99.250


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