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.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
Guys, get more real-time updates on our trading ideas here : https://t.me/tickmillroom

This analysis is provided as general market commentary and does not constitute investment advice.

Comments

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
Reply
Thanks. What time frame do you normally use? Daily?
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out