AUD/JPY 61.8 Fib Should Move the Price

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

The AUD/JPY has reached the trend line resistance.

The price is still bearish. We can see the trend line confluence and if the price continues going up then the bearish scenario will be invalid. The market is still consolidating and big trends should shape up. At this point 82.50 zone could reject the price down and we should see D L3 and W L4 support hit. If 82.90 breaks then bulls will be taking over.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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