AUDJPY
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Monthly
Price appears that it may create an inverse head and shoulders formation. A retracement here to the 38.2 fib level will create the rightshoulder. That fib level is already a support level as well.
Weekly
Price broke past the previous low which once acted as support. It then pulled back and retraced to the 50.0 fib level, where it met resistance.
Daily
Price created a lower low, we need price to try to make it's last bullish attempt. Waiting for price to continue its upside movement to test the previous low (supply zone). I am looking for price to respect the 61.8 fib level. I'm paying close attention to that area.
4Hour
Monthly
Price appears that it may create an inverse head and shoulders formation. A retracement here to the 38.2 fib level will create the rightshoulder. That fib level is already a support level as well.
Weekly
Price broke past the previous low which once acted as support. It then pulled back and retraced to the 50.0 fib level, where it met resistance.
Daily
Price created a lower low, we need price to try to make it's last bullish attempt. Waiting for price to continue its upside movement to test the previous low (supply zone). I am looking for price to respect the 61.8 fib level. I'm paying close attention to that area.
4Hour
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