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AUDJPY: Testing 75.000!


Daily Time Frame: Starting on the higher time frames we can see signs of rejection at this area of daily resistance right around 75.000 key psychological zone.

 

4hr Time Frame: Scaling down we can see price creating multiple tops. If price manages to hold below this daily resistance, then look to sell this down to 74.250 and potentially 72.500. However, if price breaks above this zone look for a break and retest with signs of rejection in order to buy this up to 76.500. Due to the uncertainty of market fluidity, risk management is highly recommended.

 

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