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FuturesForexClasses

AUDJPY / H1 / Daily Forex Technical Analysis / 6.6.2019

Short
Australian Dollar / Japanese Yen (OANDA:AUDJPY)  
FuturesForexClasses  
OANDA:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns AUDJPY h1 Forex dailyanalysis Technical Analysis forexsignals forextrading forextradingzones june2019
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trendanalysis harmonicpatterns chartpattern audjpy h1 forex dailyanalysis technicalanalysis forexsignals forextrading forextradingzones june2019
Hello Traders, welcome to the Daily Forex technical analysis. Today is June 6th, 2019 and we will be taking a look at the Australian Dollar against the Japanese Yen. Looking at the 1 hour time price action is continuing to fall to the downside in a choppy range creating lower highs and lower lows. Currently we are waiting for price action to pullback to its previous area of support now acting as resistance near the 75.65 region. If we can get a pullback into this area we will be looking for an opportunity to short. Entry for a Short position near the 75.684 area, with a Stop Loss near the 75.833 region, with a target profit level area of 75.341 to possibly ensure a profitable trade with a 2.3 to 1 R/R.
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