I can see a Daily H&S Formation incoming on AUDJPY with the nice base of support and the uptrend being broken by the (unconfirmed) trend-line.
Price is currently resisting from Fibonacci confluence of 2 x 50% and a 78.6% slightly higher, all on a Weekly line of Resistance. Also rejecting from the (unconfirmed) downtrend-line.
Price also tested the 200EMA, it looks like the Day is being wicked out now.
Price is currently resisting from Fibonacci confluence of 2 x 50% and a 78.6% slightly higher, all on a Weekly line of Resistance. Also rejecting from the (unconfirmed) downtrend-line.
Price also tested the 200EMA, it looks like the Day is being wicked out now.
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