LFX

AUD/JPY - FIRST TIME ANALYSING THIS PAIR

FX:AUDJPY   Australian Dollar/Japanese Yen
57 0 0
This is my first time taking a look at this pair and I spent just a few minutes trying to do a quick breakdown.
Here we can see we have a daily Fib that is playing out.
We are still in the process of creating the C extension.
I expect we are going to touch the 61.8% level before making a reversal to the D1 target.
The 61.8% level also lines up with strong Monthly resistance and the current double bottom range that has been copied.
D1 - 85.650
Please comment and let me know what you think of this analysis as it will help me to learn, please leave any recommendations from your own analysis below.
Thank you.
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