OANDA:AUDJPY   Australian Dollar / Japanese Yen
If you look at the AUD/JPY weekly you can see a clear downtrend. Each downward push has a retracement back to the 0.5 level on Fibonacci retracements. The current weekly candle appears to be a candle at the 0.5 retracement area. This area along with the weekly camdle closing as a doji candle gives a high probability of a shorting opportunity acutely and over the next few weeks. I will likely take profit at the first support level listed. However, will travel south of 70.00. Great opportunity
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.