AUDJPY approaching support, potential bounce!
AUDJPY is approaching our first support at 82.23 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8%, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 83.02 (horizontal pullback resistance, 38.2% Fibonacci retracement).
Stochastic (55,5,3) is also approaching support where a bounce off this level 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 (55,5,3) is also approaching support where a bounce off this level 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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