AUDJPY is testing our downside confirmation at 74.67 where the 100% fib extension is. Price could reverse from here towards our 1st support. 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
