easyMarkets
Long

AUDJPY approaching support, potential bounce!

FX:AUDJPY   Australian Dollar / Japanese Yen
AUDJPY is approaching our first support at 80.62 (horizontal overlap support, 61.8% Fibonacci retracement ) where a bounce might occur above this level pushing price up to our major resistance at 82.16 (61.8% Fibonacci extension , 50% Fibonacci retracement , horizontal swing high resistance).
Stochastic (89,5,3) is approaching our support and we might see a bounce in price.

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