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parisseine

AUD/JPY price action, 5 key levels to watch

Short
Australian Dollar / Japanese Yen (OANDA:AUDJPY)  
parisseine Updated   
OANDA:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Bearish Trend Line retracementlevels
2
0
trendanalysis bearishtrendline retracementlevels
AUDJPY

As you can notice recently, price action appears often disconnected with fundamentals. As for example the sharp retracement after the RBA no rate increase announcement or the last retracement in progress despite all news about US-China difficulties to reach a deal.
In other terms, we may say that the Forex market is definitely no longer WYSIWYG (What You See Is What You Get).
For that reason, I am considering very cautiously the current AUD JPY retracement keeping in mind that we will get likely a further impulse in extension to the first one.
% key levels to watch in that 240 minutes chart
Comment:
If you update the chart you can see that AUD / JPY just bounce from level 2 @878.32
Comment:
The wrong typo If you update the chart you can see that AUD / JPY just bounced from level 4 @78.32
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