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FX.co ★ AUD/JPY Is Approaching Support, Prepare For A Bounce

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Forex Analysis:::2018-05-02T02:16:38

AUD/JPY Is Approaching Support, Prepare For A Bounce

AUD/JPY is approaching its support at 82.028 (61.8% Fibonacci retracement, 61.8% Fibonacci retracement, 76.4% Fibonacci retracement, horizontal overlap support) where we expect to see a bounce, causing the price to rise to its resistance at 83.04 (50% Fibonacci retracement, horizontal overlap resistance).

Stochastic (89, 5, 3) is approaching its support at 1.02% where we expect to see a corresponding bounce.

Buy above 82.02. Stop loss 81.38. Take profit at 83.04.

AUD/JPY Is Approaching Support, Prepare For A Bounce

Analyst InstaForex
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