An important moving average crossover has occured on the 4 hour AUD/JPY chart.
A press of the 50 moving average below the 200-period is capable of changing the AUD/JPY price trend from aimless meandering to confidently bearish. Absent a new meaningful throw-back towards the 200 SMA, punters will sell the break of recent lows. Nevertheless, the looming SMA cross could be used to assist the bear force on such a short-term upward movement.
|76.511001586914 ||76.555000305175 ||76.626998901367 ||76.742996215820 ||76.786994934082 ||76.858993530273 |
|Trend Index||OB/OS Index|
| Bearish || Neutral |