AUDJPY, DAILY

TECHNICAL ANALYSIS

The price gave us a great swing and nice intraday trades as per OUR PREVIOUS ANALYSIS . The price is now ranging between support zone marked S2 and resistance zone marked S1. Close below preferably weekly candle close below S2 may lead price into the next support zone marked T around 79.427. Close above S1 can lead price to retest previous R1 and R2 resistance on the previous CHART. Following, the MONTHLY timeframe price analysis , the downside is still stronger but wait for confirmations.