AUD/JPY is currently retesting 0.5 Fib, which is acting as a strong Resistance zone. If we broke the uptrend, we would be looking for some nice short trade by market.
Price has already surpassed your resistance zone. Are you still maintaining your view? Or will you change it?
This is what we think!
Your thoughts?
forexmastersacademy
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@FXCM, with my team we are still monitoring price action. We would have taken short just in case there was a confirmation. It didn't come, but we are waiting for a false breakout to join the bearish movement.
This is what we think!
Your thoughts?