AUDJPY pair moved up so much yesterday, and I would like to buy the dip.

Here is the hourly chart.

2015-08-05_9-49-31-AJ1

I would like to buy from one of the BUY ZONEs described above.

Another way to look at this pair is … take a fibonacci of yesterday’s high and low.  (See below)

2015-08-05_9-55-27-AJ2

Somewhere between Fib38.2% – Fib61.8% is the BUY zone.   However, I am looking FIb38.2% overlaps with DPP and WR2 Pivot points.

Thus 91.20-30 area seems to be the sweat spot.

As a target, you could aim for Fib 138.2% or Fib161.8% (overlaps with DR2).

 

Happy Tradin’

 

 

 

YJ Baik – Forex.Today @ Tokyo

 

 

 

 

 

 

 

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