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AUDJPY remain bullish on strong support

Panjang
Dolar Australia / Yen Jepun (FX:AUDJPY)  
MEX_Exchange  
FX:AUDJPY   Dolar Australia / Yen Jepun
Trend Analysis Harmonic Patterns Chart Patterns AUDJPY aud jpy audjpyshort audjpylong audjpysell audjpydaily Forex forextrading
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trendanalysis harmonicpatterns chartpattern audjpy aud jpy audjpyshort audjpylong audjpysell audjpydaily forex forextrading
Buy above 84.57. Stop loss at 83.63. Take profit at 86.67.
Reason for the trading strategy (technically):
Price is now back to support area. We remain bullish looking to buy above major support at 84.57 (Fibonacci retracement, horizontal overlap support) and we expect to see a bounce above this level to push price up to at least 86.67 resistance (Fibonacci retracement horizontal pullback resistance).
Stochastic (34,5,3) is seeing strong support above 6.1% where we expect a bounce from.
Penafian

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