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AUD/JPY: Fibonacci analysis on 19.08.2015

A fall can continue.

On the 4-hour chart, the price is moving sideways between the 38.2% Fibonacci correction (91.43) and 50.0% correction (91.08). The breakdown of the level of 91.08 would allow the pair to continue falling towards 90.72 (61.8% Fibonacci) and 90.40. If the price consolidates above the level of 91.43, the pair can grow towards 91.88 (23.6% Fibonacci). 


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