FX.co - AUDJPY reacting below descending trendline resistance! Further drop expected!

2020-03-30T03:49:31

Long-term review

Trading Recommendation

Entry: 66.634

Reason for Entry: Descending trendline resistance, 61.8% Fibonacci retracement

Take Profit : 64.170

Reason for Take Profit: -27.2% Fibonacci retracement

Stop Loss: 67.744

Reason for Stop loss: 88% Fibonacci retracement, Graphical swing high

*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 reacting below descending trendline resistance! Further drop expected!