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28.09.2020 04:03 PM
AUDJPY testing upside confirmation , further bounce expected !

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AUDJPY is testing upside confirmation, and if it closes above this level, it could open up more upside from there ! If price could break

above the descending trendline, it could also indicate more upside from there. MACD signals more bullishness from there.

Trading Recommendation

Entry: 74.61

Reason for Entry:

23.6% fib retracement , descending trendline

Take Profit: 75.32

50% fib retracement

Stop Loss: 73.99

Reason for Stop Loss:

Horizontal swing low

Dean Leo,
Analytical expert of InstaForex
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