AUD,NZD/JPY crosses/Technical Analysis/Trade Ideas

AUD/JPY: Touching strong technical resistance

  • Yesterday’s breakdown below the consolidation pattern accelerated once 99.50 was broken; we are now back at the same level.
  • The 61.8% retracement of the fall from 101.00 to 97.30 comes in around 99.50 as well.

If you’re bearish, this is a good technical entry level.

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