AUDJPY approaching support, potential bounce!
AUDJPY is approaching our first support at 81.89 (horizontal overlap support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level, pushing price up to our major resistance at 82.74 (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (89,5,3) is also seeing a bullish exit and we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (89,5,3) is also seeing a bullish exit and we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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