Cross-rate signals: AUD/JPY keeps the reduction potential on the formation of a “double top”

The downward expectations for the AUD/JPY cross are still valid. Now, after two-day fluctuations in flat, the pair formed a “double top”, which increased expectations for a decline in this pair.

The entry zone for sale is level 82.20-20, the consolidation below which will open the way to support levels: 81.80 and 81.60. In this case, it is worth noting the safety of the downtrend, which can accelerate the decline of the pair. Resistance is located at the levels: 82.40 and 82.60.

Fig. AUD/JPY. Current price – 82.20

Hanzenko Anton