AUDJPY is approaching ascending trendline support and 61.8% Fibonacci retracement. A short term bounce about our 1st support at 84.531 towards graphical swing high and 1st resistance at 85.171 could be possible. RSI is also approaching support where price bounced in the past as well.
Trading Recommendation
Entry: 84.531
Reason for Entry:
61.8% Fibonacci retracement, ascending trendline support
Take Profit: 85.171
Reason for Take Profit:
Graphical swing high resistance
Stop Loss: 84.307
Reason for Stop Loss:
Graphical swing low support
