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18 Mar 2014
AUD/JPY chart: Closes liquidity gap, 92.80 key confluence
FXStreet (Bali) - On the back of a 'neutral' RBA minutes, the AUD/JPY managed to close the liquidity gap from last March 13, before an abrupt rotation lower to 92.35 fro 92.80 peak.
Note, the reversal point shows an important confluence, with a horizontal resistance, the upper trendline of a descending channel and the 76.4% fib retrac from Marc 13 decline, all converging within a 5/10 pip range.
Note, the reversal point shows an important confluence, with a horizontal resistance, the upper trendline of a descending channel and the 76.4% fib retrac from Marc 13 decline, all converging within a 5/10 pip range.
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