AUD/JPY is in correction mode on weekly and on monthly chart.
Recently published economic data is also showing some good signs of economic strength in Australian economy. So I expect AUD/JPY may again start uptrend.
TECHNICAL ANALYSIS: AUD/JPY is in downtrendtrend trend on weekly and monthly chart.
TOOLS USED: BOLLINGER BAND, ADX, COMMODITY CHANNEL INDEX CCI, MACD, FIBONACCI RETRACEMENT.
CHARTS: WEEKLY AND MONTHLY
WEEKLY CHART:
- AUD/JPY is at the middle of Bollinger band.
…