The price is currently in a downtrend, 📉 and it's undergoing a pullback towards resistance after breaking the range zone. AUDJPY experienced a significant drop, then tested the border of the downward channel and bounced upward.
I anticipate a downward movement to test the support level as the price broke the range zone, and the trend has shifted to bearish. The resistance around 97.000 was breached with a substantial red candle.
This implies that it was and continues to be a significant zone.
My target is the support level at 96.170.
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