AUDJPY approaching support, potential bounce!
AUDJPY is approaching our first support at 81.14 (horizontal swing low support, 100% Fibonacci extension) and a strong bounce might occur above that level pushing price up to our major resistance at 82.69 (horizontal overlap resistance, 100% Fibonacci extension).
Stochastic (55,5,3) is also seeing a bullish divergence and approaching our 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 seeing a bullish divergence and approaching our 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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