The AUDJPY attempted but fell short of breaching the 99 price level. At level 288, the Fibonacci extension initiated a retracement, forming a ChoCh pattern on the H1 timeframe. In the event of a bearish Choch pattern on the H1 chart, the prevailing bias is likely to favor a downward trend, with prices expected to resume their bearish trajectory once the pullback reaches approximately 98.7.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.