AUDJPY 16 Jun 2023. Looking at AUDJPY on the weekly timeframe, it can be seen that the pair is still bullish since last month. It used to be at 86.063 and has now managed to be at 96.541. If referring to the RSI indicator where it looks likely that the bullish trend will still continue, then go-long can be an option for traders. Until finally the possibility of trend reversal will occur when this pair touches R1, then go-short can be an option at that time. Stay alert to the volatile market movements and trade with your own risk.
