FX:AUDJPY Australian Dollar/Japanese Yen
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.