FX.co - AUDJPY facing bearish pressure from resistance, potential reversal

2020-07-13T04:06:32

Relevance until2020-07-14

Trading Recommendation

Entry: 74.579

Reason for Entry: 50% fibonacci retracement, 100% fibonacci extension and horizontal pullback resistance

Take Profit: 73.854

Reason for Take Profit: Horizontal swing low support, 76.4% fibonacci retracement

Stop Loss: 75.061

Reason for Take Profit: Horizontal swing high 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 facing bearish pressure from resistance, potential reversal