Hello, On the Monthly view, it seems that the AUD/JPY is below a medium-term resistance level >> short opportunity ?? The AUD/JPY is currently below a major resistance area that might give us a nice opportunity for a short position. This resistance area also corresponds to · The upper line of an Andrews’ Pitchfork, that models a bearish regression channel. · A Fibonacci cluster; the 50% & 61.8% Fibonacci levels of the previous bearish impulse Here are the three Main Target Profits according to the Fibonacci expansion levels: 83.12 ; 78.68 ; 71.50. What do you think about that?
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