#AUDJPY Daily Chart

The 200 Day MA has been acting as resistance for some time now along with the down trend line. I do believe it will hold again and will be looking for shorts in the coming weeks. This consolidation looks like a 4th wave traingle in the works.

Note the divergence on the RSI.

Komentar:

Looks like 200 Day MA and trend-line will hold again on the Daily. Note the RSI breaking down from its triangle.

We still have a couple hours on this 4 hr candle but RSI is breaking 40 and price action looking bearish.