AUDJPY testing support, potential rise!

17 במאי 2018

AUDJPY is testing our first support at 83.07 (horizontal overlap support, breakout level) where it could potentially rise to our first resistance at 84.67 (horizontal swing high resistance, 50% Fibonacci retracement, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bullish pressure, in line with our bullish bias.
RSI is also seeing a bullish exit where we might see a corresponding rise in price.