AUD/JPY rebound extends
It is a occasions like these that I feel Fibonacci retracements work greatest. They’re a great way to manage threat within the insanity and the 61.eight% stage typically determines whether or not we see a full retracement or recent lows.
For the time being, AUD/JPY is as much as 74.50 which is above the 61.eight% retracement irrespective of the way you draw it. In an excellent world, you’d prefer to see it spend a while up there however it’s an excellent signal.