AUDJPY bouncing off support, further potential rise!
Price is bouncing off our first support at 81.89 (horizontal overlap support, 61.8% Fibonacci retracement) which coincides with our short term ascending support line. A further rally might occur above this level, pushing price up to our major resistance at 82.59 (horizontal swing high resistance, 38.2% Fibonacci retracement).
Stochastic (34,5,3) is also seeing a bullish divergence and might be a good precursor for a further potential rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (34,5,3) is also seeing a bullish divergence and might be a good precursor for a further potential rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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