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DLavrov
Dec 8, 2019 2:02 PM

AUDJPY: The Price Reached The Support Zone 

Australian Dollar/Japanese YenFXCM

Description

The price reached the support zone formed by the uptrend line and 74.00 support level. It means that we will be able to get trade opportunities based on breakouts and reversal signals from the daily and lower timeframes. This market should be added to a watchlist.

If the price bounces from the support zone, it will give us buy opportunities.

If the price breaks below the uptrend line, we will get sell opportunities.

Let's watch for the price action and follow the market.
Comments
transparent-fx
yes overall we need to monitor the support and see if it breaks
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