AUDJPY seems to be bounced off from the red trend line, I don’t think it will meet much resistance till the 89 level which is the 0.618 on the Fibonacci retracement from 2014-11-20 till 2016-06-24. The stochastic RSI indicates the start of a new trend going upwards, the RSI is in the middle.
TP: 89.009
SL: 87.015
TP: 89.009
SL: 87.015
Kommentar:
Watch out: We might face some resistance from the 4h stochastic RSI