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FX.co ★ AUD/JPY broke above descending trendline resistance. What next?

AUD/JPY broke above descending trendline resistance. What next?

AUD/JPY broke above descending trendline resistance. What next?

Trading Recommendation

Entry: 66.382

Reason for Entry: Ascending trendline support, Descending trendline support

Take Profit : 68.912

Reason for Take Profit: 61.8% Fibonacci Retracement, 78.6% Fibonacci extension

Stop Loss: 65.207

Reason for Stop loss: Horizontal swing low, 78.6% Fibonacci Retracement

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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