Weekly chart is in a downtrend showing a lower bottom. Price has rallied and may be forming a lower top at the 83.97 weekly resistance level.

Looking for price to rally back to the 62% to 79% fib retracement area. Price rallying back to this area would present an ideal opportunity to sell for the next decline in line with the immediate downtrend.

Target for the next move down would be the 78.83 weekly support level.

https://acy.com/en/market-news/market-analysis/audjpy-weekly-lower-top-112053

https://www.youtube.com/watch?v=r-0y0O5qnkg

AUDJPY Weekly Lower Top At 83.97 Resistance?

Jan 18 2022