A Strong Selling Opportunity Soon on the Australian Dollar/Yen Pair
The Australian Dollar/Yen pair is still moving sideways on the daily timeframe, and has recently rebounded to the supply zone.
If the sideways movement on the daily timeframe continues, we expect to see another decline in the pair.
Expected Targets
If the daily upward trend shown on the chart is broken, we expect to see the pair decline again to new demand zones near 111.960.
If the supply zone is broken and the price closes above it with a daily candle, the pair may continue its upward movement in the medium term at least.
