The Aussie Yen price has been bounced back from Weekly Central Pivot (WPP), with the Stochastic in overbought zone. So we would like to wait for the pull back, specifically we need to see Lower High before entering the Long Trade.

I took a Fibonacci of the current up move. My BUY ZONE is somewhere between Fib38.2% – Fib61.8%. Notice there is Daily Central Pivot (DPP) at 90.22. As usual, we need to confirm the reversal price action before entering the trade. My target will be Fib138.2% – DM4 (91.3515) for a day trade. If you swing, you could aim for WM4 (92.39). (WM2 -> WM4)
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