Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

AUD/JPY Approaching Support, Prepare For Bounce

September 3, 2018 Analytics

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AUD/JPY is approaching its support at 79.18 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 80.60 (61.8% Fibonacci retracement, horizontal pullback resistance).

Stochastic (55, 5, 3) is approaching its support at 3.7% where a corresponding bounce could occur.

AUD/JPY is approaching its support where we expect to see a bounce.

Buy above 79.18. Stop loss at 78.28. Take profit at 80.60.

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

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