KN_FXtrader
Short

AUD/JPY Technical Analysis. The perfect example of Fibonacci.

FX:AUDJPY   Australian Dollar/Japanese Yen
As you can see everything is going as bears planning. The price is moving very harmonic between fibo extensions and retracement levels. However, there is a very strong support level, which would be crucial for the pair. This is the level of 72.00. If sellers manage to go below this level, 127,20% of fibo extension would be my first target, as the price seems to "respect" it.
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