Chris Capre’s Current Live Price Action Trades: CHFJPY, EURUSD, USDJPY, FXo EURJPY, BIR
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AUDJPY – Strong Attack On LT S/R Zone (Daily chart)
After 3 weeks of heavy selling, the AUDJPY has arrived at a LT support zone (83.90-84.50) which is at the bottom of the corrective structure.
Price is looking very heavy right now, but if bulls step back in and successfully defend this zone, I think we’ll see a move back up towards 85.70. If price clears this zone on the other hand, a move down towards the LT key support @ 81.80 is very likely IMO which could open up for …... Keep reading