LeoPrime Daily Market Analysis

AUDJPY heading for a Double Bottom Formation in Daily time frame

After a strong bearish movement last week, AUDJPY is expected to flip its trend upside today, forming a Double bottom at January end low 77.500. 1Hr Time Frame expecting the confirmation for the bullish turnover at the short term trendline. Further north side movement is expected targeting the strong support turned resistance at 78.800.
On the other side, Bears can take control only if it breaks the trendline below 77.900 region for further downside movement till Last week low at 77.400

Daily open: 77.765
Daily Last high: 78.154
Daily Last Low: 77.741
Daily current growth: +0.44%