empty
 
 
16.11.2017 04:15 AM
AUD/JPY looking for a bounce above major support

The price continues to inch lower and we're starting to see major support at 85.53 (Fibonacci extension, horizontal swing low support) where we expect a bounce from to push the price up to at least 86.67 resistance (Fibonacci retracement, horizontal pullback resistance).

Stochastic (89,3,1) is seeing major support above 1.1% where we expect a corresponding bounce from.

Buy above 85.53. Stop loss is at 84.92. Take profit is at 86.67.

This image is no longer relevant

Dean Leo,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback