ElysiumFX

AUDJPY - Things look interesting at 90

FX:AUDJPY   Australian Dollar / Japanese Yen
40 0 0
Looking at a daily chart of AUDJPY             , there is a confluence of bullish factors at 90 that make that level look good for a long:
1. The 23.6% Fib at 89.98 is key support for the harmonic pattern to play out.
2. The 61.8% retracement of the February lows/highs comes in at 90.04.

The risk/reward at that level is very much in favor of longs, and is something to watch for if price tests down there. 90.70 is currently holding as solid support.
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