AUD/JPY Still up but watch for reversal

Nenad Kerkez Top-XE

Stronger than expected JPY retail sales and household spending data today, along with Iron Ore largely down should affect the AJ pair adversely. This could be the earliest sign of a possible reversal.
Technically the pair is in uptrend and if it proceeds up above H4 cam pivot, we need to watch for 84.50-62 POC where we see a confluence of historical sellers and ascending trend line. Additionally, a breakout below H3/Trend line confluence below 84.00 could tank the pair down to 83.45 and 83.15.

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Nenad Kerkez

Top-XE

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