AUDJPY W1, Pulled Back from Top of Major Falling Channel

It was still looking to break above the top of the major falling channel but took a sudden turn and became resisted and beginning to fall.


AUDJPY D1, Resisted at Top of Major Falling Channel and Major Resistance Zone

A strong pullback can be seen at the top of the channel as well as a major resistance zone from 79.97 onwards, signaling strong resistance and the price may reverse.

AUDJPY H4, Broke Below Rising Channel and Support Zone

In the H4 chart, a rising channel was broken at the same time when the price reversed from the top of the major falling trend channel and has also clearly broken lower than the previous swing low.

All we need now is a major retracement upwards, wait for a retracement channel to form and look for sell opportunity.