AUDJPY retraces 50 percent of October rally

There is no reversal of daily chart yet although there is a hint on the H4 chart. Price movement in both directions in the past 2 days are very strong so be mindful of volatility ahead.

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AUDJPY near all low

AUDJPY at all lowQuick inspection of this monthly chart shows the pair coming close to an all time low.

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AUDJPY at Fibonacci Expansion levelTogether with the previous high at 102.00, we might see some resistance before price is able to clear.

FX is steeped in the use of Fibonacci levels. The A-B-C reveral pattern of higher-low  is also a 50% retracement level.

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