AUDJPY Approaching Support, Prepare For A Bounce

8 apr 2019

AUDJPY is approaching its support at 78.51 (61.8% Fibonacci extension ,horizontal swing low support, 50% Fibonacci retracement) where it could potentially bounce to its resistance at 79.17(61.8% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support at 5% where a corresponding bounce could occur.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks