FX:AUDJPY   Australian Dollar / Japanese Yen
Using the resent leg up and resent high as a point of reference to draw the Fib retracement, shows price action holding the 50% fib, and also holding support.

The prior pin bar came close to the 61.8 fib level, I also think the pin bar is false break from the prior inside bar , which may have trapped some shorts.

The target is 82.911 which is a high from the end of september.

Stop is placed just below the pin bar low.

Please leave comments or opinions.



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