30.09.202016:37 AUDJPY pulling back to the trendline, potential for a bounce !

Exchange Rates 30.09.2020 analysis

AUDJPY is pulling back to the ascending trendline and 1st support where the 61.8% fib retracement is.

Price could bounce there towards our 1st resistance. Ichimoku also indicates that further upside could be seen from here.

Trading Recommendation

Entry: 74.64

Reason for Entry:

61.8% fib retracement , ascending trendline

Take Profit: 75.46

50% fib retracement , horizontal swing high

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
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