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22.06.202112:14 Forex Analysis & Reviews: Daily Video Analysis: AUDJPY reversing from resistance, potential for drop

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Today we take a look at AUDJPY. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. Price is reversing from the sell entry level, in line with 38.2% Fibonacci retracement, where we could see further downside towards take profit levels, in line with 50% Fibonacci retracement and horizontal swing low support. Stochastics is showing signs of bearish pressure in line with our analysis as well.

*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.

Dean Leo,
Analytical expert of InstaForex
© 2007-2021
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