AUDJPY seems to be bounced off from the red trend line, I don’t think it will meet much resistance till the 89 level which is the 0.618 on the Fibonacci retracement from 2014-11-20 till 2016-06-24. The stochastic RSI indicates the start of a new trend going upwards, the RSI is in the middle.
TP: 89.009
SL: 87.015
TP: 89.009
SL: 87.015
Note
Watch out: We might face some resistance from the 4h stochastic RSI
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.