UPDATE ON AUDJPY 4HR
This currency pair carved a triangular formation and we can see price shooting out in a downward side movement. Formation of a potential bearish signal may interest sellers to pull down price to retest next key-level support @72.541.
Take note next key-level resistance acts @74.469
meanwhile the trend is on a long-term bearish channel trend so I wouldn’t be surprise if the bears make a rotation lower to the downside.
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