AUDJPY 4 HOUR
AUDJPY broke short term trendline support on 9/16. The recovery over the last week simply serves to correct short term oversold conditions. Focus for resistance is 76.40 (200 period average on 4 hour chart and trendline). Downside focus is the top side of the trendline from the 2018 high near 71.35 (38.2% retrace of rally from March low).
#AUD/JPY#
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.