- AUD/JPY bears are in control and eye a downside daily extension.
- The price has been met with supply following a significant correction.
AUD/JPY is moving to the downside following a 50% mean reversion of the prior bullish daily impulse.
The following illustrates the bearish bias.
AUD/JPY daily chart
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The price is in a bearish trend and given the recent correction that has started to run out of momentum, there are prospects of a continuation to the downside.
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