FX:AUDJPY   Avustralya Doları / Japon Yeni
on this pair we touched a double max that is same for fibonacci retracement at the price of 89, i draw support and resistances lines using ichimoku (the wider the line the longer is the timeframe. So last max reached a monthly resistance, a double max and a fibonacci retracement. AUD follow Gold price because Australia is a great gold exporter, the technical analysis on gold is long, that should be considered if you want to short AUDJPY. On h4 timeframe AUDJPY seems that is going to create an head and shoulder pattern with target around 88,00 this is another short signal. 88,7 or 88,8 can be a good area to short in my opinion.
This is not an investment reccomendations but just my opinion

Good night

Andre

Feragatname

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