Last week AUD/JPY declined from a 3rd Attempt at a Higher Higher than its previous Highs on June 18th and Sept. 29th.
The strong decline to the Current low in the Support Zone leads me to believe AJ will be Bearish for the week and I also suspect price to give us a bearish break of the Support initiating my Trade Action Plan for the Bearish Sequence!
-Fundamentally, the IMF said Yen doesn't qualify for any intervention in the currency markets with declines seemingly being fundamentally based.
tradingview.com/news/reuters.com,2023:newsml_L1N3BK0B9:0-imf-sees-recent-yen-falls-as-reflecting-fundamentals/
*Price Breaking and Closing below 93.012 will validate the Bearish Sequence!
*Price Breaking and Closing above 95.827 will INVALIDATE the setup
The strong decline to the Current low in the Support Zone leads me to believe AJ will be Bearish for the week and I also suspect price to give us a bearish break of the Support initiating my Trade Action Plan for the Bearish Sequence!
-Fundamentally, the IMF said Yen doesn't qualify for any intervention in the currency markets with declines seemingly being fundamentally based.
tradingview.com/news/reuters.com,2023:newsml_L1N3BK0B9:0-imf-sees-recent-yen-falls-as-reflecting-fundamentals/
*Price Breaking and Closing below 93.012 will validate the Bearish Sequence!
*Price Breaking and Closing above 95.827 will INVALIDATE the setup
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Keep It Current,
With Novi Fibonacci!
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Related publications
Disclaimer
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.
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Keep It Current,
With Novi Fibonacci!
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Related publications
Disclaimer
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.