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2021/07/27 Market Analysis

Authored by TD Markets
27.07.2021
Market Analysis
0
1 min

AUDJPY

AUDJPY bears look to continue the reign and push the market further down. The market failed to break and close above the resistance zone as well as the trendline. Also the 61.8 fib acted as a barrier for the market .As such traders are anticipating the market to drop.

EURJPY:

EURJPY broke and closed below the ascending trendline after rejecting the resistance zone 3 times. Traders are anticipating a drop down to the 50.0 fib level.


USDJPY

USDJPY is testing the support zone. Traders are still bearish as the market has been retracing after a lower low was created. A break of the support will see the market dropping further.

Authored by TD Markets
27.07.2021
Market Analysis
0
1 min

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