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AUDJPY dropped perfectly as forecasted, prepare for a bounce

Long
Australian Dollar / Japanese Yen (FX:AUDJPY)  
Tickmill Broker  
FX:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns AUDJPY aud jpy audjpyshort audjpylong audjpysell audjpydaily audjpynews Forex
143
2
trendanalysis harmonicpatterns chartpattern audjpy aud jpy audjpyshort audjpylong audjpysell audjpydaily audjpynews forex
Price has dropped absolutely perfectly as forecasted and has reached our major support level. A strong bounce could occur at this major support level 88.43 (Fibonacci retracement, horizontal overlap support) which could drive price up towards 89.03 resistance (Fibonacci extension, horizontal swing high resistance).

Stochastic (34,5,3) is seeing major support above 2.6% where a corresponding bounce could occur.

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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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