FX:AUDJPY   Australian Dollar / Japanese Yen

AUDJPY Short Idea

Price action has been primarily bearish on higher time-frames and we will continue to look for potential short entries

Current price action is at key daily resistance around 74.500 as well as the daily 61.8% fib level

Ideally we would like to see a strong bearish signal at this level before targeting lower. A bearish engulfing or evening start would be prime confirmation and would solidify a daily double top pattern

Look to target toward the weekly support around 70.00 as well as the -27.2% & -61.8% fibb level
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