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Klimex
Dec 21, 2018 2:57 AM

AUDJPY Approaching Support, Potential Bounce Long

Australian Dollar/Japanese YenFXCM

Description

AUDJPY is approaching its support at 78.65 (100% Fibonacci extension, horizontal swing low support) where it could potentially bounce to its resistance at 80.61 (38.2% Fibonacci retracement, Horizontal overlap resistance).

Stochastic (89, 5, 3) is approaching its support at 1.9% where a corresponding bounce could occur.

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