
AUDJPY Pivot Points Analysis - strong bearish market condition
30 September 2015, 06:11

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W1 price is on strong bearish market condition: the price is breaking S2 Pivot level at 81.56 on the way to S3 Pivot at 74.90 as
the nearest bearish target:
- The price is on strong bearish condition for trying to break S2 Pivot level at 81.56 on close weekly bar for the bearish trend to be continuing;
- if weekly price will break S2 Pivot level at 81.56 on close weekly bar so the primary bearish market condition will be continuing;
- if weekly price will break S3 Pivot at 74.90 so we may see the breakdown of the price movement within the primary bearish condition.
Instrument | R1 Pivot | Yearly PP | S1 Pivot | S2 Pivot | S3 Pivot |
---|---|---|---|---|---|
AUD/JPY | 104.12 | 96.17 |
89.51 | 81.56 | 74.90 |
Trend:
- W1 - bearish