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
Note
This level is also the YEARLY Pivot!!!
Note
Both levels on chart for easier viewing of the Yearly and Quarterly lining up.
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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.