24 May 2019
AUD/JPY: Capped at the bottom of the Ichimoku cloud
- AUD/JPY is capped at the bottom of the Ichimoku cloud on attempts to stabalise at the bottom of channel and in the 75 handle.
- Stochastics lean bullish on 4HR time frame and are heavily oversold on daily as price tests around 50% Fibo.
- A run back to 77.50 would be on the cards if the cloud would give on a break of the 38.2% Fibo at 77 the figure.
- On the downside, 75.30 guards a run to the 61.8% Fibo at 74.69%.
