AUDJPY is approaching our first resistance at 82.32 (50% fibonacci retracement , 61.8% fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 80.65 (Horizontal overlap support, 61.8% fibonacci retracement). Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Hi @Tickmill i need some information can u tell me if jpy news sugesting downside momentum what is its mean Aud/jpy,Cad/jpy/NZD/jpy,USd/jpy goes down or up or in other currencies in which jpy appears as term currency
AidanMDang
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@Tickmill hey man, why don't your charts show the candle times? I was able to figure out this is an hourly chart... but it can be confusing. Thanks!