Today we take a look at AUDJPY. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. AUDJPY is approaching ascending trendline support and 61.8% Fibonacci retracement. A short term bounce about our 1st support at 84.531 towards graphical swing high and 1st resistance at 85.171 could be possible. RSI is also approaching support where price bounced in the past as well.
FX.co ★ AUDJPY approaching ascending trendline, potential for a bounce!
AUDJPY approaching ascending trendline, potential for a bounce!
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade