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JETLEROY
Apr 2, 2014 10:21 PM

Down side possibe for AUDJPY Short

Australian Dollar/Japanese YenFXCM

Description

A downside is possible for the AUD/JPY with confluence of a half way back on the Fib retracement starting in April
and a Fib extension from the February low meeting around the 96.000 area.
Also a Bearish Butterfly pattern in the same area.
Be careful of the 3 fundamental Announcements later on today concering the Auzzie Dollar as they probably will be market movers
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