AUDJPY approaching support, potential bounce!
AUDJPY is approaching our first support at 80.66 (horizontal swing low support, 100% Fibonacci extension) and a strong bounce could occur above this level, pushing price up to our major resistance at 81.45 (horizonal overlap resistance, 61.8% Fibonacci retracement, 61.8%, 100% Fibonacci extension)
RSI (55) is also bouncing off our support where we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (55) is also bouncing off our support where we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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