Chart is a bit confusing to understand due to trendlines
but firstly looking at the 4HR TF, it seemed AUDJPY wanted to rally higher after its rejection of the 79% level and trend line breakout but then after analysis on the weekly and daily tf, i saw on the 15th Feb, it made 2 attempts to take out the high created on 31st December (swing failure)
Price has constantly rejected off BR's and OB since then, and 3rd Friday close was below 38% of current swing high to low
looking for price to take out 85.820 as first targets
but firstly looking at the 4HR TF, it seemed AUDJPY wanted to rally higher after its rejection of the 79% level and trend line breakout but then after analysis on the weekly and daily tf, i saw on the 15th Feb, it made 2 attempts to take out the high created on 31st December (swing failure)
Price has constantly rejected off BR's and OB since then, and 3rd Friday close was below 38% of current swing high to low
looking for price to take out 85.820 as first targets