Aussie-Yen Heading to the Land Down Under

The Australian Dollar Japanese Yen (FOREX: AUDJPY) appears to be bearish. With the pair struggling to break above the key resistance level of 82.00, the pair may continue to see further movement downwards.

  • In the event the price breaks above the key resistance level of 82.00, the prevailing bearish trend may be seeing a reversal.
  • On the other hand, should the price continue further below 81.00, the bearish momentum may continue.