01.07.202006:58 外汇市场分析评论: AUDJPY facing bearish pressure, potential for further drop!

Today we take a look at USDJPY. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. USDJPY is facing bearish pressure as it holds below both Ichimoku cloud and de.

Price is facing bearish pressure from our first resistance in line with our horizontal overlap resistance, 38.2% fibonacci retracement and 61.8% fibonacci extension where we could see a reversal below this level. 20 EMA is showing signs of bearish pressure as well, in line with our bearish bias..

GBPAUD is facing bullish pressure from our ascending trendline support and Ichimoku cloud, in line with our bullish bias. We could see further upside from our 1st support level at 1.76050, which is in line with our 61.8% Fibonacci retracement and 100% Fibonacci extension, towards our 1st resistance.