ICmarkets

AUDJPY Testing Support, Potential For A Bounce

Long
FX:AUDJPY   Australian Dollar / Japanese Yen
AUDJPY is approaching its support at 79.18 (61.8% Fibonacci extension x2, 61.8% Fibonacci retracement, horizontal overlap support) where price could bounce up to its resistance at 80.68 (61.8% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching its support at 3.7% where a corresponding bounce could occur.

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