AUDJPY is approaching Quarterly R2 levels. Area is a zone for a higher probability reversal / strong correction. Ill be looking for the area to start to hold and look for a long position.
R2 level also is long term Support and Resistance Level
R2 level also is long term Support and Resistance Level
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Both levels on chart for easier viewing of the Yearly and Quarterly lining up.
Both levels on chart for easier viewing of the Yearly and Quarterly lining up.
This level is also the YEARLY Pivot!!!