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30.09.2020 04:37 PM
AUDJPY pulling back to the trendline, potential for a bounce !

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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

Dean Leo,
Analytical expert of InstaForex
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