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Signal_Centre
Jul 16, 2020 6:49 AM

AUDJPY - Buying dips towards the lower end of the channel Long

Australian Dollar/Japanese YenFXCM

Description

[Buy Limit] AUDJPY is Bullish - We look to Buy at 74.32

▪️ Trading within a Bullish Channel formation.
▪️ We have a 50% Fibonacci pullback level of 74.23 from 73.30 to 75.16.
▪️ Bespoke support is located at 74.32.
▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 74.32, resulting in improved risk/reward.

Stop: 73.95
Target1: 75.60
Target2: 76.00
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