Today we take a look at AUDJPY. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. Price is reversing from the sell entry level, in line with 38.2% Fibonacci retracement, where we could see further downside towards take profit levels, in line with 50% Fibonacci retracement and horizontal swing low support. Stochastics is showing signs of bearish pressure in line with our analysis as well.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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