AUDJPY has had some quite nice price action of late, on the daily chart we reacted off the 618 bullish fib and created targets around the 76.000 level. there is a setup right here now on market open off the 4hr ema, we are swinging really nicely on the 4hr so its definitely a valid setup however its certainly worth noting that the 85.000 level has some very strong resistance so it may be worth either baiting this level or waiting for the 4 hr fib to fulfil and get in once price pulls back to structure
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