Uncharted-FX

AUDJPY Friday break. Await for retest or another swing.

Kort
FX:AUDJPY   Australiensisk dollar/Japansk yen
AUDJPY did create a topping pattern at resistance. We then broke below a support level on Friday with a very strong red candle indicating the strength of the break.

Unfortunately this happened on a Friday. We will look for follow through for the upcoming week. Will await either a retest of support now turned resistance, or look for a lower high to be made.

74.60-.70 zone would be first targets, so you would need to watch your risk vs reward when entering.

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