AUDJPY Short
The market has recently made a New Structure Low on the 1 hour chart and is now moving into the 38.2 Fib Retracement Zone of this leg. If we look left you can see this zone has acted as prior support/resistance multiple time. We also have bearish divergence with the RSI below. My prediction is that this price will roll over in this zone and go back to retest the 76.5 zone again and potentially make another New Structure Low. The market has also create a valid double top on the 1 hour timeframe. Let me know your thoughts.
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