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AUDJPY Weekly Forex Forecast 25th November to 1st December by yshashmi37 on TradingView.com
Midterm forecast:
While the price is above the support 78.65, beginning of uptrend is expected.
We make sure when the resistance at 83.10 breaks.
If the support at 78.65 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The RSI resistance #1 at 62 is broken, so the probability of beginning of uptrend is increased.
A peak is formed in daily chart at 82.90 on 11/15/2018, so more losses to support(s) 81.30, 80.50, 79.60 and minimum to Major Support (78.65) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 52.
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