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03.08.201805:57 Forex Analysis & Reviews: AUD/JPY Approaching Support, Prepare For A Bounce!

Long-term review

AUD/JPY is approaching its support at 81.90 (61.8% Fibonacci extension x2, 61.8% Fibonacci retracement, horizontal swing low support) where we expect the price to rise to its resistance at 82.86 (76.4% Fibonacci retracement, horizontal overlap resistance).

Stochastic (55, 5, 3) is approaching its support at 4.1% where a corresponding bounce is expected.

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

Buy above 81.90. Stop loss at 81.30. Take profit at 82.86.

Exchange Rates 03.08.2018 analysis

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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Dean Leo,
Analytical expert
InstaForex Group © 2007-2021
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