Friday, October 6, 2017

Post:0019 AUD / JPY Australian Dollar Japanese Yen , 6th of October 2017 "Rising Wedge First Target at 81.50

AUD / JPY Australian Dollar Japanese Yen Analysis

AUDJPY price chart is forming a rising wedge bearish formation on daily & weekly time frames, also it confirmed by the bearish divergence (daily & weekly time frames) of the moving average convergence divergence indicator (macd) & the relative strength index indicator (RSI) & the current price action breakthrough the lower boundary of the bearish rising wedge formation (at the same time it breaks a trend line applied on the RSI indicator) which is a sell signal & first target at 81.5 , if it breakthrough the target level downwards so the 2nd target will be at 72.45

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