Monthly AUD/JPY, confluence of 100 sma (white) 20 sma (green) and 38.2% retracement of the defined range looks just perfect here with indicators suggesting that there should be a multi-week move down from around here. Want one more close equal to or greater than the high of the price bar 2 bars earlier for final confirmation. Either way, highly improbable that it burns through this resistance without at least a solid consolidation with lots of chopping about so sell high buy low so far working out.
Monthly AUD/JPY, confluence of 100 sma (white) 20 sma (green)...
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Last
7,629.0 |
Change
42.000(0.55%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,587.0 | 7,640.2 | 7,587.0 |
| XJO (ASX) Chart |