AUDJPY Forex Analysis - Price Reversal At 94.68 Daily Resistance

Duncan Cooper - Senior Market Strategist & Trading Mentor

2022-10-25 10:29:20

 

Join Senior Market Strategist & Trading Mentor Duncan Cooper as he watches price levels on the AUDJPY daily and 4-hour charts.

Price has been failing at the 94.68 daily resistance level over the last three trading days.

94.63-68 the 62% fib retracement level and daily resistance level.

Watching for price to rally and fail at this intraday resistance area for a further decline targeting a move back below the 94.00 level.

AUDJPY daily chart on ACY MT4
AUDJPY 4-hour chart on ACY MT4

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Tác giả

Duncan Cooper is a full-time trader and mentor and the Senior Market Strategist at ACY Securities. Trading full-time since 2009, Duncan's insights are from the battleground of real-time markets, not theory, and he thrives on educating traders to reach their financial goals.