AUDJPY shorts from 92.60. There is a resistance level where we see a tripple bottom formed. From here, we can see another short taking place and breaking the strucuture from support. Then, we can have the lower low and lower high formation which can give us another bearish impulse.

The ascending trendline has broken out for sells and the market have validated the short setup after the candles closed and opened below. 

There is no retracement indication in this short setup.

EMA 50 is still bullish and the market can retest the EMA as the profit target.

RSI is at the 52. We need the RSI to hover above the over bought region. The bearish divergence if formed at this level at the technical level of the charts.

AUDJPY shorts from 92.60

Jan 30 2023