AUD/JPY Waiting for a Breakout by ThinkingAntsOk
🔸 DAILY CHART EXPLANATION:
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🔸Price broke the Descending Trendline.
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🔸It is now facing the Resistance Zone.
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🔸If we see a breakout here, the next bullish target is the Resistance Zone at 0.80500. If price bounces, then we will consider a downside move towards the broken Trendline.
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🔸 Will look for a lower timeframe setup.
🔸 4H CHART ANALYSIS:
.
.
🔸Price broke the Descending Trendline.
.
🔸It is now facing the Resistance Zone.
.
🔸If we see a breakout here, the next bullish target is the Resistance Zone at 0.80500. If price bounces, then we will consider a downside move towards the broken Trendline.
.
🔸 Will look for a lower timeframe setup.
🔸 4H CHART ANALYSIS:
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