Forex Technical Analysis AUDJPY 27 July
Today, I discuss another low risk selling opportunity on AUDJPY for 27 July. We have a convergence sell zone that includes the 78.6% retracement area, a gap rejection, previous support that turned into resistance along with price action.
Our profit targets consists of fibonacci, support/resistance, trendline and pivots that converge in tight zone. While our risks are small , our potential profit targets are 60 and 100 pips away. Enjoy!