AUDJPY

١١ أكتوبر ٢٠٢٠

Price has formed a new high and is showing oversold on the 4 hour timeframe. After a new high, it is time for price to test the previous high/create a higher low, before making its next bullish impulse. I am expecting a retracement to the 50.0 fib level then a continuation of the bullish trend.