Laban132
Short

#AUDJPY retraces to key resistance, and may head lower

FX:AUDNZD   Australian Dollar / New Zealand Dollar
Disclaimer: I know I've written AUDJPY             in the headline. Bummer, but I cant edit it. This is of course the AUDNZD             I am looking at.

The AUDNZD             has been massively bearish since november this year, and I am only looking to join the short momentum and short this pair at the moment,
On the 17th of December AUDNZD             broke through the 1.053 level, which acted as key support back in January and March last year. Price has now come back to retest the 1.053 level, now turned resistance.
This coincides with yesterdays sexy candle with a long upper shadow, and a fibonacci retracement rejecting both the 50% and the 61,8% levels.

I am short from from yesterdays candle.
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