FX.co - AUDJPY close to ascending channel resistance and broke below trendline support

2020-05-20T02:43:24

Long-term review

Trading Recommendation

Entry: 70.777

Reason for Entry: Ascending trendline resistance

Take Profit : 69.535

Reason for Take Profit: Graphical overlap, 61.8% Fibonacci retracement

Stop Loss: 71.214

Reason for Stop loss: Ascending channel resistance, 100% Fibonacci extension

*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 close to ascending channel resistance and broke below trendline support