AUDJPY breakout , further bounce expected !

AUDJPY is breaking out of the descending trendline, and if price closes above the descending trendline,

it indicates that further upside could be seen from there. MACD also signals more bullishness from there.

Trading Recommendation

Entry: 74.67

Reason for Entry:

23.6% fib retracement , descending trendline

Take Profit: 75.32

50% fib retracement

Stop Loss: 73.99

Reason for Stop Loss:

Horizontal swing low