09.06.202111:46 Forex Analysis & Reviews: AUDJPY approaching ascending trendline, potential for a bounce!


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. AUDJPY is approaching ascending trendline support and 61.8% Fibonacci retracement. A short term bounce about our 1st support at 84.531 towards graphical swing high and 1st resistance at 85.171 could be possible. RSI is also approaching support where price bounced in the past as well.

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

Dean Leo,
Analytical expert
InstaForex Group © 2007-2021
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.