28.09.202016:03 AUDJPY testing upside confirmation , further bounce expected !

Exchange Rates 28.09.2020 analysis

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

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

Performed by Dean Leo,
Analytical expert
InstaForex Group © 2007-2020
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Show more
Can't speak right now?
Ask your question in the chat.