After a pullback to test the descending 60 days ema in the 4h chart, we might expect a decrease of AusDollar/Japanese Yen Spot
) in the short term.
The second last candle in the 4h chart
is a shooting star
, which represents a possible reversal setup.
Even looking at the daily chart
we can see -for today- a shooting star 'under construction'
, that might be a good confirmation for a bearish pullback.
We can probably expect a short period retracement, but remember: this is not a trade solicitation and, if you decide to trade, you do it at your own responsibility.