AUDJPY POSSIBLE SETUP

AUDJPY has had some quite nice price action of late, on the daily chart we reacted off the 618 bullish fib and created targets around the 76.000 level. there is a setup right here now on market open off the 4hr ema, we are swinging really nicely on the 4hr so its definitely a valid setup however its certainly worth noting that the 85.000 level has some very strong resistance so it may be worth either baiting this level or waiting for the 4 hr fib to fulfil and get in once price pulls back to structure

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