Technical analysis for AUDJPY
Price was rejected at the 50% fib/ 85.50 though is still above the daily 21. Resistance higher up eyed at 61.8%/ MM3/ 86
Price came off of WR2 and found support at role reversal WR1 resistance eyed at MPP/ WM4 and higher up at 85.50
Price is currently coming off of the 50% fib. The 61,8% fib coincides with the WPP/ WM4 with 85.50 higher up at DM3
About The Forex Analyst
USDollar Bull based on current FOMC monetary policy. Euro Bear based on current ECB monetary policy. Currently neutral on the Pound. Bear on oil, Cad and Nok. Trade Yen in line with movement of price in Treasuries and seasonality. Bear on Gold due to bias on Dollar. Trade Nzd inline with global dairy prices and RBNZ central banking policy. Trade Aud inline with global commodity prices, Chinese macro and RBA central banking policy. Trade Mexican Peso repatriation at the end of each month. Head Coach at www.MetaTraders.com and analyst at Forex.Today.