We’ve been experiencing yen weakness for three weeks in a row. Since no retracements have happened to some pairs, we expect a bit of yen strength before Price takes off again

Zone

Support: Green
Resistance: Pink
Fibzone: Yellow

AUDJPY Daily

This month Price opened at MM3. Bears have plans to take it to MS2 for a lower low. However, it's unlikely as bulls will be waiting to push it up from MM2.

AUDJPY H4

The first round of the French elections caused major gaps on most currency pairs. This pairs was on of the few that managed to close the gap before moving up. Price opened at WM2, bulls reached their target of WR2 and profit taking is expected to take place; taking price back down to the Central Pivot

AUDJPY H1

Price made a double top at 84.400 and is currently making a lower low. A lower high will be confirmation enough that price is going down

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