AUDJPY Technical Analysis(1 hour) :2023-01-31Deltafx Admin 31 January 2023
In a wide fluctuation range, we expect a decline after the simple and very popular ABCD pattern was completed and the upper limit was reached as a resistance level.
The expected targets are a combination of corrective Fibo areas and pivot points.
Areas based on the Fibo:
The areas between the Fibo at the intersection with the 2 pivots mentioned above can also form resistance areas.
The entire wide range in the higher fractal is a correction of a declining range.