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AUDJPY Is Approaching Support, Prepare For A Bounce

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Dolar Australia / Yen Jepun (FX:AUDJPY)  
theforexarmy  
FX:AUDJPY   Dolar Australia / Yen Jepun
Trend Analysis Harmonic Patterns Chart Patterns AUDJPY aud jpy audjpylong Forex forexsignals Bitcoin (Cryptocurrency) bitcoinforecast BTCUSD
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trendanalysis harmonicpatterns chartpattern audjpy aud jpy audjpylong forex forexsignals bitcoin bitcoinforecast btcusd
Buy above 82.02. Stop loss 81.38. Take profit at 83.04.
Reason for the trading strategy (technically):
AUDJPY is approaching its support at 82.028 (61.8% Fibonacci retracement, 61.8% Fibonacci retracement, 76.4% Fibonacci retracement, horizontal overlap support) where we expect to see a bounce, causing price to rise to its resistance at 83.04 (50% Fibonacci retracement, horizontal overlap resistance).
Stochastic (89, 5, 3) is approaching its support at 1.02% where we expect to see a corresponding bounce.

Penafian

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