Gordonm612

AUDJPY Watching to go Long

Long
FX:AUDJPY   Australian Dollar / Japanese Yen
6
The pair sits in a critical zone between a resistance level (82.600) and the .50 Fib (82.060). This is a trade that will take some time to develop. If, at the open, it continues its upward momentum right away, I'm looking for it to proceed to the resistance level and close above before moving higher tothe 4H resistance at 83.175. If the pair starts the session by moving downward, I will wait for it to reach the support at the 82.000 level and rebound sharply to the resistance at 82.600.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.