AUD/JPY pair analysis forecast continue in ?

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In this I use several technical analysis tools and patterns to analyze the AUD/JPY currency pair on a 4-hour timeframe. Here are the key elements present:

### *Patterns and Tools Used:*
1. *Downtrend Channel:*
- The price is moving within a descending channel, marked by parallel trendlines indicating a downtrend.
- The chart highlights "Lower Lows" (LL) and "Lower Highs" (LH), reinforcing the bearish trend.

2. *Order Block (OB):*
- A supply zone is marked in blue at the top, indicating a possible area where sellers are active.

3. *Break of Structure (BOS):*
- BOS labels indicate areas where the price breaks previous support or resistance, confirming a trend continuation.

4. *Dynamic Trend Line (DTL):*
- A diagonal trendline is drawn to capture the overall direction of the market.
- The price is respecting this trendline as resistance.

5. *Projection & Target Area:*
- A pink-shaded area projects a potential price movement downward, suggesting further decline.

6. *Support & Resistance Zones:*
- Horizontal green lines indicate areas where price found temporary support before continuing the downtrend.

### *Overall Analysis:*
The chart suggests a bearish continuation with price action following a descending channel. The key technical elements used are *trendlines, order blocks, break of structure (BOS), and dynamic trendlines (DTL).* The trader appears to anticipate further downside movement based on these signals.

Would you like any further insights into specific aspects of this analysis?

Feragatname

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