Klimex

AUDJPY Approaching Support, Prepare For A Bounce

Long
FX:AUDJPY   Australian Dollar / Japanese Yen


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.

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