FX Trading Idea – AUD/JPY

Price is breaking the low, price could be heading down to the Fibonacci 62% correction point at 72.40 or to the Fibo 50% level at 72.80. While Stochastic is into the oversold extreme, MACD is still bearish.

Sell on a break of 73.15 with stop at 73.55 for either 72.80 or 72.40

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