Wednesday market analysis: AUD/JPY

Hey traders,

One setup I am looking forward to trade is:

 

1. AUD/JPY

Australian dollar versus the Japanese Yen

A bearish pin-bar can be seen touching a key resistance zone and the 200 ma on the AUD/JPY.

If the daily candlestick closes as a bearish pinbar, then we may see sellers taking price back to NPSZ before the close of the week

 

What say you?

NOTE:

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