AUDJPY profit target reached, time to go bullish - Forex247

Latest

Keep Your Trading Simple and Smart

Wednesday, February 8, 2017

AUDJPY profit target reached, time to go bullish

The price reached our profit target for the 4th time in a row. We turn bullish above 85.34 support (Fibonacci projection, horizontal support) for a push up to at least 86.08 (Fibonacci retracement, horizontal pullback resistance).

Stochastic (21,5,3) is approaching strong support at 5.5%.

Buy above 85.34. Stop loss is at 84.97. Take profit is at 86.08.

analytics5899ea514a98d.png

The material has been provided by InstaForex Company - www.instaforex.com


No comments:

Post a Comment