FX.co - AUDJPY testing upside confirmation , further bounce expected !

2020-09-28T14:03:28

Relevance until2020-09-29

AUDJPY is testing upside confirmation, and if it closes above this level, it could open up more upside from there ! If price could break

above the descending trendline, it could also indicate more upside from there. MACD signals more bullishness from there.

Trading Recommendation

Entry: 74.61

Reason for Entry:

23.6% fib retracement , descending trendline

Take Profit: 75.32

50% fib retracement

Stop Loss: 73.99

Reason for Stop Loss:

Horizontal swing low

*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 testing upside confirmation , further bounce expected !