FX.co - AUDJPY broke out of ascending trendline support to the downside! Further drop expected!

2020-03-26T03:35:30

Long-term review

Trading Recommendation

Entry: 65.708

Reason for Entry: Long term moving average resistance

Take Profit : 62.930

Reason for Take Profit: 61.8% Fibonacci retracement, graphical swing low

Stop Loss: 66.634

Reason for Stop loss: 61.8% Fibonacci retracement, ascending trendline resistance

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

Analytical expert

Dean Leo

FX.co ★ AUDJPY broke out of ascending trendline support to the downside! Further drop expected!