AUDJPYAs you can notice recently, price action appears often disconnected with fundamentals. As for example the sharp retracement after the RBA no rate increase announcement or the last retracement in progress despite all news about US-China difficulties to reach a deal.
In other terms, we may say that the Forex market is definitely no longer WYSIWYG (What You See Is What You Get).
For that reason, I am considering very cautiously the current AUD JPY retracement keeping in mind that we will get likely a further impulse in extension to the first one.
% key levels to watch in that 240 minutes chart
Note
If you update the chart you can see that AUD / JPY just bounce from level 2 @878.32Note
The wrong typo If you update the chart you can see that AUD / JPY just bounced from level 4 @78.32
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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.