AUDJPY - Technical Analysis

AUDJPY

Every Yen pairs are overextended in the recent moves due to both fundamentals and weakening Japanese Yen. Price has created a double top and reversed  from that area to the downside and in that move an ascending trendline has broken. Now after breaking the trendline price has created a tight 3 touch flag which gives more downside movement indications.

Now price is inside the flag, wait for the flag to be broken to the downside for catching the bear move,  this is the current technical thoughts on this pair. Everyone wait for confirmations before taking any trade and manage your risk

  Disclaimer : This is not a financial advice , only for educational purpose