AUDJPY CoverThe AUDJPY is pulling back to confluence of resistance which should produce bearish continuation.

MAJOR AUDJPY RESISTANCE  

78.6 Fibonacci Retracement of the most recent bearish move at  83.072

Daily R1 83.0333

Monthly M2 82.9755

Previous Low Resistance 82.78

61.8 Fibonacci Retracement of the most recent bearish move at 82.561

Daily M3 82.4420

1 Hour 55 Moving Average

AUDJPY Daily Pivots

AUDJPYH1 Fib Update Prev Low

Note that the AUDJPY has dropped to 61.8 retracement support at 81.078 of the bullish move in the daily view seen below.

AUDJPYDaily

Kind Regards,

Tyler Lund

US Dollar Analyst, FOREX.TODAY

4 thoughts on “AUDJPY Confluence of Resistance”

  1. Daniel Chan - Forex.Today says:

    Thanks. nice picture on 2 Flags.

  2. Ryan Gandalf van Jaarsveld says:

    Thanks bud! Well done on your success this week – Wayne was telling us all about how you knocked those pips out of the park!! Well done buddy!!

    1. Tyler Lund - FOREX.TODAY says:

      Thanks Ryan, yeah it was 3,600 pips on the GBPUSD. Personal record … thanks

    2. Tyler Lund - FOREX.TODAY says:

      Wayne spent many months working with me, so I owe him the success…

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