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easyMarkets
Dec 19, 2018 2:44 AM

AUDJPY approaching support, potential bounce! Long

Australian Dollar/Japanese YenFXCM

Description

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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