AUD/JPY: Capped at the bottom of the Ichimoku cloud

AUD/JPY is capped at the bottom of the Ichimoku cloud on attempts to stabalise at the bottom of channel and in the 75 handle.
Stochastics lean bullish on 4HR time frame and are heavily oversold on daily as price tests around 50% Fibo.
A run back to 77.50 would be on the cards if the cloud would give on a break of the 38.2% Fibo at 77 the figure.
On the downside, 75.30 guards a run to the 61.8% Fibo at 74.69%.

Ross J Burland FXStreet

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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