AUD/JPY: bearish outlook (Citi)
Citibank points at the bearish signals on AUD/JPY Ichimoku chart – Chinkou Span (green line) has recently crossed the price chart to the downside, while daily Cloud has dramatically narrowed.
According to Citi, the pair may slide to 99.20 (the bottom of the daily Cloud) in the short term and then even lower, to 94.80, the base line on the weekly chart (blue line).
Chart. Daily AUD/JPY