FX.co - AUDJPY posts a candle close below ascending trendline support! Further drop to come!

2020-04-16T03:05:58

Long-term review

Trading Recommendation

Entry: 68.166

Reason for Entry: ascending trendline resistance

Take Profit : 66.486

Reason for Take Profit: 61.8% Fibonacci retracement

Stop Loss: 68.912

Reason for Stop loss: Graphical swing high, 61.8% Fibonacci retracement

*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 posts a candle close below ascending trendline support! Further drop to come!