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AUDJPY bounced nicely off its support, potential to rise further

Long
Dollaro australiano / Yen giapponese (FX:AUDJPY)  
ICmarkets Broker  
FX:AUDJPY   Dollaro australiano / Yen giapponese
Trend Analysis Harmonic Patterns Chart Patterns AUDJPY aud jpy audjpylong Forex forexsignals Bitcoin (Cryptocurrency) bitcoinforecast
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trendanalysis harmonicpatterns chartpattern audjpy aud jpy audjpylong forex forexsignals bitcoin bitcoinforecast
AUDJPY bounced nicely from its support where it could potentially rise further to its resistance at 83.40 (61.8% Fibonacci retracement). There is however an intermediate resistance at 83.01 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) that we have to be cautious about.
Stochastic (89, 5, 3) bounced nicely off its support at 1.06% where it has a lot of upside potential.
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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