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FX.co ★ AUDJPY reacting below descending trendline resistance! Further drop expected!

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Forex Analysis:::2020-03-30T03:49:31

AUDJPY reacting below descending trendline resistance! Further drop expected!

AUDJPY reacting below descending trendline resistance! Further drop expected!

Trading Recommendation

Entry: 66.634

Reason for Entry: Descending trendline resistance, 61.8% Fibonacci retracement

Take Profit : 64.170

Reason for Take Profit: -27.2% Fibonacci retracement

Stop Loss: 67.744

Reason for Stop loss: 88% Fibonacci retracement, Graphical swing high

Analyst InstaForex
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