AUD/JPY eases to 106.80, still under the 20-day SMA support.
Downward trajectory continues, yet with a slackening pace as the bearish sentiment seems to be decelerating.
As bears lose steam the pair might side-ways trade in the next sessions.
In Tuesday's session, the AUD/JPY pair recorded a slight decline to 106.70, following up on the gradual declining trend from last week. However, the bearish momentum seems to be flattening as suggested by the shape of the daily candles, following a four-day losing streak. As such, while the pair is projected to maintain its descent, a slowdown in bearish activity may be approaching.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
Hot
No comment on record. Start new comment.