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SmartTradingFX
Dec 22, 2014 4:59 PM

Will the AUD/JPY make it up to potential short zone?  Short

Australian Dollar/Japanese YenFXCM

Description

Identified potential reversal zone on Daily chart at previous structure. Dropping down a time frame this zone falls between 0.5 and 0.618 fib retracement. We also have a 1.27 extension in the same area giving us some ratio confluence. Could also go into over brought conditions on RSI if we get there. Keeping a close eye.
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