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Tickmill
Jan 2, 2018 2:48 AM

AUDJPY continues to test major resistance! Short

Australian Dollar/Japanese YenFXCM

Description

Price continues to hover and test our major resistance at 88.04 (61.8% Fibonacci retracement, 78.6% Fibonacci retracement, horizontal swing high resistance, bearish price action) and a strong reaction could occur at this level to push price down towards 86.20 support (50% Fibonacci retracement, horizontal pullback support).

Stochastic (34,5,3) is seeing major resistance below our 97% level of resistance.

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Comments
puaspunya07
how long its take for this direction to reach at support level? Just yr prediction or estimated.
fcvskun
your analyzis is v.good... where did you learn it from may I ask Tickmill?
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