AUDJPY didn’t respect Tenkan Line on Daily Chart!
Well, let’s hope it will respect Kijun Line, this time.
Currently on Daily Ichimoku Chart, Kijun Line (Blue line) is located at 88.60. This price may be the buy zone.
Here is the regular H4 chart. 88.60 happens to be Fib 50% level. So if the price continues to drop down to this level, I will consider to buy.
Alternatively, the next buy zone will be either 200EMA or Fib 61.8%.
Hope this analysis helps you build your own trade plan.
YJ Baik – Forex.Today @ Tokyo