AUDJPY rolled over just shy of the noted 6 year trendline. Price is testing a massive level now from former resistance and a short term channel. A break below would in effect leave a failed breakout. Failed moves lead to fast moves and I’d be looking for 72.50/80 at that point. If price bounces here then watch for 77.10 resistance.
Director of Technical Research at Krilogy, author Sentiment in the Forex Market
Twitter: twitter.com/jamiesaettele
Website: www.krilogy.com/
Twitter: twitter.com/jamiesaettele
Website: www.krilogy.com/