FX.co ★ AUDJPY approaching 1st support, further bounce expected !

AUDJPY is approaching 1st support where the horizontal pullback support ,50% fib retracement and 61.8% fib extension are. Stochastics also show that price is reaching support.

Trading Recommendation

Entry: 75.527

Reason for Entry:

horizontal pullback support ,50% fib retracement and 61.8% fib extension

Take Profit: 76.067

Reason for Take Profit:

61.8% fib retracement

Stop Loss: 74.931

Reason for Stop Loss:

horizontal swing low