AUD/JPY Price Analysis: Bears are making their moves around Tokyo open AUDJPY Currencies Technical Analysis
A deeper correlation of the bullish recovery is eyed for the immediate future.
However, moving down to the 4-hour time frame, we can see plenty of resistance near 89.00 and the fact that the price is stalling here, in a confluence with the 61.8% ratio, a downside case can be built, until a break of the resistance structure. We are still on the front side of the bear trend so a bullish thesis is not as easy to make. sees the price drawn to the neckline and testing the 38.2% Fibonacci of the prior bullish impulse currently.
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