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FX.co ★ AUDJPY close to ascending channel resistance and broke below trendline support

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Forex Analysis:::2020-05-20T02:43:24

AUDJPY close to ascending channel resistance and broke below trendline support

AUDJPY close to ascending channel resistance and broke below trendline support

Trading Recommendation

Entry: 70.777

Reason for Entry: Ascending trendline resistance

Take Profit : 69.535

Reason for Take Profit: Graphical overlap, 61.8% Fibonacci retracement

Stop Loss: 71.214

Reason for Stop loss: Ascending channel resistance, 100% Fibonacci extension

Analyst InstaForex
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