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AUDJPY 4hour Analysis October 30th, 2022

Short
Dollaro australiano / Yen giapponese (FX:AUDJPY)  
ForexLeague  
FX:AUDJPY   Dollaro australiano / Yen giapponese
Trend Analysis Chart Patterns Technical Indicators Forex forexleague forexsignals priceaction AUDJPY aud jpy aj
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trendanalysis chartpattern indicator forex forexleague forexsignals priceaction audjpy aud jpy aj
AUDJPY Bearish idea

Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish

Trade scenario 1: Overall AJ is looking bullish but price action is struggling to break above 94.750 resistance.

We can see price action is resting right near resistance so the most likely situation is AJ falling back to 93.750 support.

Trade scenario 2: For us to confirm AJ as full bullish again we need to see a break above 94.750 with a confirmed higher low above.
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