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mbon99
Jun 17, 2019 1:33 PM

Strong support, highly expected to rise Long

Australian Dollar/Japanese YenFXCM

Description

AUDJPY is right now trading at a massively strong support area seen being respected back in 26 sep 2011 and again in 27 jan 2016. It has reached it low in the current up-and-down trend looking to make a move upwards once more. Also, RSI shows oversold in daily chart, so that's another indicator for a move upwards. Hence this, buy now, BUT if it breaks the strong support it could get really ugly really quickly; I don't believe that though.
Comments
mbon99
Bottom of trend line reached. Watch out for the reversal
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