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24.09.2020 03:37 PM
AUDJPY testing downside confirmation, potential for further drop!

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AUDJPY is testing our downside confirmation at 74.67 where the 100% fib extension is. Price could reverse from here towards our 1st support. Take caution that Ichimoku signals that further downside could come.

Trading Recommendation

Entry: 74.67

Reason for Entry:

100% fib extension

Take Profit: 73.99

Reason for Take Profit:

161.8% fib extension

Stop Loss: 75.31

Reason for Stop Loss:

Horizontal overlap resistance

Dean Leo,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
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Dean Leo
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