AUDJPY Technical Outlook
Market is trading in a falling parallel channel on the 4h timeframe and approaching it's resistance level .
I can see 2 options to enter the market.
Bullish
If the price breaks and closes above the resistance of the channel, it may initiate a bullish continuation.
Targets: 93.700, 94.00
Bearish
The market may also drop from the vertical resistance. To short with a confirmation, watch a bearish flag pattern on the 4H timeframe.
It's bearish breakout will trigger a bearish continuation.
Targets: 91.500, 91.600
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