Tickmill
Short

AUDJPY approaching major resistance, potential drop!

FX:AUDJPY   Australian Dollar / Japanese Yen
AUDJPY             is approaching strong resistance at 83.31 ( Fibonacci retracement , Fibonacci extension , horizontal overlap resistance) and a strong reaction could occur at this level to push price down to major support at 81.56 ( Fibonacci extension , horizontal swing low support). We do have to be cautious about our intermediate support at 82.12 ( Fibonacci retracement , horizontal overlap support) as that level needs to be broken to open a further move down.

Stochastic (34,5,3) is seeing major resistance at 95% where a corresponding reaction could occur.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Guys, get more real-time updates on our trading ideas here : https://t.me/tickmillroom

This analysis is provided as general market commentary and does not constitute investment advice.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out