ICmarkets

AUDJPY Approaching Support, Potential Bounce!

Long
FX:AUDJPY   Australian Dollar / Japanese Yen
AUDJPY is approaching its support at 81.35 (100% & 61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce up to its resistance at 82.60 (50% & 61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching it’s support at 3.3% where a corresponding bounce could occur.

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