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
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I base my bias on central banking policy, risk sentiment and financial flows at key times of the year.I use securities as a leading indicator for forex with a focus on the strength and weakness of funding currencies. Always on the quest for yield.Analyst at Forex.Today's South African office. Chief Currency Coach at MetaTraders.com. Creator of the Hands Full of Rands social platforms.