AUDJPY testing support, potential bounce!
AUDJPY is testing our first support at 81.89 (horizontal overlap support, 61.8% Fibonacci retracement) which coincides with our short term ascending support line. A strong bounce might occur above this level, pushing price up to our major resistance at 82.59 (horizontal swing high resistance, 38.2% Fibonacci retracement).
Stochastic (34,5,3) is also seeing a bullish divergence 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 seeing a bullish divergence 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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