AUD/JPY Falters At Resistance Cluster [Video]

Matt Simpson, CFTe, MSTA CityIndex

AUD/JPY has paused beneath a resistance zone which includes a 61.8% Fibonacci reversal. If bearish momentum is to return it could confirm a head and shoulders top on the four-hour timeframe and signal further losses. AUD/JPY has paused beneath a resistance zone which includes a 61.8% Fibonacci reversal. If bearish momentum is to return it could confirm a head and shoulders top on the four-hour timeframe and signal further losses.

Author

Matt Simpson, CFTe, MSTA

CityIndex

Matt Simpson is a certified technical analyst who combines charts and fundamentals to generate trading themes.

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