AUDJPY
We can now expect an impulsive move. Price reacted at the
top of the major descending channel, giving signs that correction
is to be finished. Also, we can notice two important psychological levels in the market where price has reacted multiple times.
Adding Fibb. to give us more confluence, we expect a reaction around its '61.8' level,
breaking previous structure and an impulse move to the downside.
Price action
We can now expect an impulsive move. Price reacted at the
top of the major descending channel, giving signs that correction
is to be finished. Also, we can notice two important psychological levels in the market where price has reacted multiple times.
Adding Fibb. to give us more confluence, we expect a reaction around its '61.8' level,
breaking previous structure and an impulse move to the downside.
Price action
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*The analysis must go with price action.