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

Here is the hourly chart.


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)


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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