FX:AUDJPY Australian Dollar/Japanese Yen
Pattern Setting up on the AUDJPY 240/60min chart. If the 88.6% Fib Retracement level is reached, entering a short position may not be a bad idea. Target 1 is offering 2 to1 Reward:risk ratio and Target 2 is offering greater than 3 to 1 (depending on stop placement). Stops need to be above the jan 27th high 94.61. Let's see if this plays out.