AUDJPY is testing our downside confirmation at 74.67 where the 100% fib extension is. Price could open up more downside from here if it closes below the downside confirmation. Take caution that Ichimoku signals that further downside could come.
Trading Recommendation
Entry: 74.67
Reason for Entry:
100% fib extension
Take Profit: 73.99
Reason for Take Profit:
161.8% fib extension
Stop Loss: 75.31
Reason for Stop Loss:
Horizontal overlap resistance
