AUD/JPY above major support, prepare to buy - Forex247

Latest

Keep Your Trading Simple and Smart

Tuesday, March 28, 2017

AUD/JPY above major support, prepare to buy

The price is right above major support at 83.77 (Fibonacci retracement, horizontal swing low support) where we expect a bounce from to at least 85.22 resistance (Fibonacci retracement, horizontal pullback resistance).

Stochastic (21,5,3) is seeing strong support above the 7% level and also displays bullish divergence versus the price.

Buy above 83.77. Stop loss is at 82.73. Take profit is at 85.22.

analytics58da7c2979fd1.png

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


No comments:

Post a Comment