The Australian Dollar Japanese Yen.

Good afternoon Dynamic Traders,

Todays chart is of the AUDJPY on the daily timeframe.

This could be one to keep a close eye on as we are currently entering the buy zone of DD after making a breather level on the last retreat.

Although the V.I. was breached at the beggining of May, we have since fallen back to retest it i.e. the afore mentioned breather, and now it is currently trying to advance again, but former support now acting as resistance clustering with the figure is causing the barrier.

Depending on your stance and entry criteria you still need to keep a close eye on this pair for possible pips.

Remember to do your own analysis before taking any trade, and use fibonacci as this can give you a possible target zone which clusters with other confluences you know.

Charts courtesy of AdvancedGet.

Good luck with your analysis and trading.

Clayton Farnworth.