Technical Analysis

AUD/JPY rebounds to check the 61.eight% retracement of flash crash low

AUD/USD climbs above 74.00

There is not any clear place to attract the place to begin of the autumn however even from zero.7600, which is conservative, AUD/JPY has recovered greater than 61.eight% of the drop. Nonetheless, that is one to watch out with as a result of the traces are fuzzy at this level.

Technically, a climb again above the 61.eight% stage can be signal however I do not assume you wish to maintain that to the pip. Whilst I am scripting this, AUD/JPY has fallen again to 73.50. The excessive of 74.12 now units a bar to look at.               

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