AUDJPY is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If AUDJPY continues in its current trajectory, we could see it reach 97.9490 within the next 17 hours.
AUDJPY is signaling a possible trend reversal on the intraday charts with price not breaching support.
