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FX.co ★ AUD/JPY Broke Out Of Its Ascending Support, Remain Bearish

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Forex Analysis:::2018-04-18T02:26:37

AUD/JPY Broke Out Of Its Ascending Support, Remain Bearish

AUD/JPY broke out of its ascending support where we look to sell on strength at 83.311 (23.6% Fibonacci retracement, horizontal overlap resistance). We expect prices to push down all the way to its support at 82.652.

RSI (89) shows a corresponding break out where we expect to see a similar drop.

Sell below 83.311. Stop loss at 83.659. Take profit at 82.652.

AUD/JPY Broke Out Of Its Ascending Support, Remain Bearish

Analyst InstaForex
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