As we enter the second day of trade beginning in Asia, Session the picture for the coming week is still favorable for AUDJPY With a robust rebound from a low of about 88.00 to reach the upper end of the 91 region, bulls have been in control for the most of the end of the week. Fresh highs and lows are being recorded across the board in the currency market, and AUDJPY is no exception.
As the price continues to stabilize here after a recent slowing on the bid, the issue now is whether the bears will be given a chance.
The bears have begun to attack the trendlines that serve as support, and a breach there increases the likelihood that they will move into the price imbalance below and 91.27s and the 91.00 figure might be reached.
