AUDJPY 4hour Analysis September 6th, 2020
AUDJPY Long idea
This pair is now bullish on all significant timeframes and we recently saw a daily trend change when 76.500 was confirmed broken.
Current price action is now in a retracement and is near the 61.8% fib level. We will look for bullish transitions and bullish setups anywhere between the 61.8% fib level and key support at 76.500. Look to target higher toward key resistance and negative fib levels.
For us to consider short opportunities we need to see a confirmed break and retest of 76.500.
This pair is now bullish on all significant timeframes and we recently saw a daily trend change when 76.500 was confirmed broken.
Current price action is now in a retracement and is near the 61.8% fib level. We will look for bullish transitions and bullish setups anywhere between the 61.8% fib level and key support at 76.500. Look to target higher toward key resistance and negative fib levels.
For us to consider short opportunities we need to see a confirmed break and retest of 76.500.