AUDJPY rejected at 85 price level, all aboard the gravy train!
SORRY team for the messy chart. Was doing some deep analysis. I've noticed the following:
AUDJPY has failed the 85 quarter point
AUDJPY has failed to pass the previous high
AUDJPY has failed to pass the 38.2 FIB LEVEL
AUDJPY has formed a descending wedge
Target is 84. Trailing stop of 250 points after you're ~35-50 pips in profit.
Expect a strong support bounce at 84.500. My expectation is that it continues downwards.
Until next time
ForexNick
AUDJPY has failed the 85 quarter point
AUDJPY has failed to pass the previous high
AUDJPY has failed to pass the 38.2 FIB LEVEL
AUDJPY has formed a descending wedge
Target is 84. Trailing stop of 250 points after you're ~35-50 pips in profit.
Expect a strong support bounce at 84.500. My expectation is that it continues downwards.
Until next time
ForexNick