AUDJPY is approaching support, potential bounce!

27 เม.ย. 2018

AUDJPY is testing its support at 82.50 (76.4%, 50% and 50% Fibonacci retracement, horizontal overlap support) where price could potentially bounce off it, rising to its resistance at 83.07 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance). We have also identified another support at 82.20 (100% Fibonacci extension, horizontal overlap support).
Stochastic (55, 5, 3) is approaching its support at 3.7% where a corresponding bounce could occur.