AUDJPY / H1 / Daily Forex Technical Analysis / 6.6.2019

٦ يونيو ٢٠١٩

Hello Traders, welcome to the Daily Forex technical analysis. Today is June 6th, 2019 and we will be taking a look at the Australian Dollar against the Japanese Yen. Looking at the 1 hour time price action is continuing to fall to the downside in a choppy range creating lower highs and lower lows. Currently we are waiting for price action to pullback to its previous area of support now acting as resistance near the 75.65 region. If we can get a pullback into this area we will be looking for an opportunity to short. Entry for a Short position near the 75.684 area, with a Stop Loss near the 75.833 region, with a target profit level area of 75.341 to possibly ensure a profitable trade with a 2.3 to 1 R/R.