AUD / JPY: negative price action alert for possible downgrade

AUD / JPY:  Bearish trend and medium term upward movement.

Fibonacci corection to 50% – serious resistance levels

Horizontal resistance levels 86.67

Pin bar, devouring bar and a new negative price action formation: Reversal Three inside down – a negative signal

CCI (50)  passes below 100 – a signal for correction.

DEM back below 0.7 – a negative signal

Stop loss: 85.89

Stefan Dimov Angelov – Head of Trading Stocks

 Varchev Traders

Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance