Resistance and support lines, Trend lines, Price action, Candlestick Pattern, MACD, RSI and Stochastic Fast Indicator
AUDJPY Weekly Chart
The pair has started the year 2017 on a strong note and has reached from 84.27 to 85.81 at the time of writing this post.
AUDJPY Daily Chart
The pair is obviously in an uptrend but the recent price action suggests a correction which is occurring in the form of a channel formation. I expect this correction to continue until the end of Februa…