AUDJPY approaching support, potential bounce!
AUDJPY is approaching our first support at 82.10 (horizontal pullback support, 100% Fibonacci extension, 38.2% Fibonacci retracement, short term ascending support line) where a strong bounce might occur above this level pushing price up to our major resistance at 83.18 (horizontal swing high resistance 61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (34,5,3) is also approaching support 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 (34,5,3) is also approaching support 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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