"Top and Bottom Analysis" AUD/JPY by ThinkingAntsOk
4H CHART EXPLANATION:
Price has been on a range since January '19. It has recently broke the support zone, and then pullbacked it to continue the bearish movement.
It is facing the Support Zone at 75.250.
If that zone is broken, then the movement can continue towards the Weekly Support Zone at 73.00.
If price bounces upwards, we expect an upside move towards the Resistance Zone.
MULTITIMEFRAME VISION:
-Daily:
-Weekly:
Price has been on a range since January '19. It has recently broke the support zone, and then pullbacked it to continue the bearish movement.
It is facing the Support Zone at 75.250.
If that zone is broken, then the movement can continue towards the Weekly Support Zone at 73.00.
If price bounces upwards, we expect an upside move towards the Resistance Zone.
MULTITIMEFRAME VISION:
-Daily:
-Weekly: