Tickmill
Long

AUDJPY approaching support, potential bounce!

FX:AUDJPY   Australian Dollar / Japanese Yen
AUDJPY is approaching our first support at 79.92 (horizontal overlap support, 78.6% Fibonacci retracement , 100% Fibonacci extension ) where a strong bounce might occur pushing price up to our major resistance at 81.48 (61.8% Fibonacci extension , 38.2% Fibonacci retracement ).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
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This analysis is provided as general market commentary and does not constitute investment advice.
I agree with you bro. I’m expecting It’s gonna down to 79.9 Strong support zone first. From there we watch out for price actions which is most likely a potential bounce. Thanks man
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Thanks. What time frame do you normally use? Daily?
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