AUD/JPY Double Bottom at the 88.6 % Fib

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear Traders,

The AUD/JPY has formed the double bottom within the 88.6 fib zone and it could start a move to the upside if the price holds. 

The 88.6 zone has formed the zone where we can see new buyers. 75.00-10 is where the price might reject. Targets are 75.44 and 75.61. If the market makes a bounce above 75.61 then the next target is 75.95. Today it’s the NFP with all accompanying data so the market will be volatile. The AUD/JPY has a strong positive correlation with the US Equities, so watch the move in equities too.

The analysis has been done with the CAMMACD system.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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