AUDJPY MAJOR SUPPORT ZONNE HAS BEEN BROKEN
AUDJPY is travelling in a descending channel, Price hit the top and price plummeted down and even broke a major support zone marked out with a pinnk rectangle,
We are expecting price to come back up to retest this zone before dropping down to touch the bottom of the channel, our first minor target is the -0.27 extension level as we are expecting price to retest the zone at the 0.382 retracement level.
LEAVE YOUR THOUGHTS BELOW...
We are expecting price to come back up to retest this zone before dropping down to touch the bottom of the channel, our first minor target is the -0.27 extension level as we are expecting price to retest the zone at the 0.382 retracement level.
LEAVE YOUR THOUGHTS BELOW...
Trade closed: target reached:
Price came up to retest the resistance zone before dropping to the -0.27 extension level like expected