We are looking for a retracement back down to the last support area.
As you can see AUDJPY has been overbought, rejecting of the R5 pivot point.
Now we are looking for a retracement back down to the the area as shown. We will see when the markets open getting position of the pivots and catching the ride down to the support.
We would exit once it reached the support.
Commento
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Take profit achieved, from entry trade pulled in about 171 pips.