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AUDJPY approaching support, potential bounce!
AUDJPY is approaching our first support at 79.18 (horizontal overlap support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur pushing it up to our major resistance at 80.60 (61.8% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55,5,3) is approaching support where we might see a corresponding rise in price should it bounce off this level.
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 approaching support where we might see a corresponding rise in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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