FX:AUDJPY   Australian Dollar / Japanese Yen
34 2 0
Aussie has been hit quite hard over the last couple of weeks. Yet amid the weakness there is strength building against the Yen. After breaking out of the recent downtrend, this pair is struggling to retrace the impulsive move. The two fibo levels that should be monitored closely is shown. Looking for signs of reversal at those points may yet prove to be great entries to join the next impulsive move up.
Trade active: entered long @ 78.72
Comment: consolidating on the 15m. great opportunity for those that missed the fib trade earlier.

60 minute view. Anticipating a five wave formation for the C wave up.

This pair just refuse to go down! The low remains intact, and price action repeatedly scream upside. The 886 fibo level appear to be an important level. I will wait for some pull back perhaps on a 15 minute TF before pulling the trigger again on this pair.
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