There is a double bottom on daily chart.


Price retraced to 78% Fibonacci retrace, rejected that level and closed yesterday above 61.8% level, making nice bullish pin bar. There is a good chance that price will head up from here, there is a possible route on the chart.
If we move down to 1h chart, we can see how price broke drawn trend line and retest it from above and then price went up from it.

There is no red news in AU or Japan for the rest of the day and also for the Monday.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.