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UnknownUnicorn2396129

AUDJPY FAKEOUT AND BREAKOUT

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Australiensisk dollar/Japansk yen (OANDA:AUDJPY)  
UnknownUnicorn2396129  
OANDA:AUDJPY   Australiensisk dollar/Japansk yen
Support and Resistance Trend Lines Rectangle AUDJPY audjpyshort audjpysell audjpydaily audjpyanalysis audjpynews audjpylong audjpyidea audjpybuy
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supportandresistance trendline rectangle audjpy audjpyshort audjpysell audjpydaily audjpyanalysis audjpynews audjpylong audjpyidea audjpybuy
AUDJPY has been travelling inside of a descending channel. Price reached a major support zone , started making its way up and even broke out of the channel to the upside until it dropped back into the channel causing a fakeout, broke below the support zone. Now we are just waiting for this newly made resistance zone to be retested before price drops to the very bottom of the channel it has been travelling in.

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