AUD/JPY profit target reached perfectly, prepare to turn bearish
February 10, 2017 3:46 pm
The price has reached our profit target perfectly from yesterday. We prepare to turn bearish below 86.72 resistance (Fibonacci extension, horizontal swing high resistance) for a push down to 85.89 support (Fibonacci retracement, horizontal overlap support).
Stochastic (21,5,3) sees strong resistance below the 95% level.
Sell below 86.72. Stop loss is at 85.98. Take profit is at 87.10.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
The price has reached our profit target perfectly from yesterday. We prepare to turn bearish below 86.72 resistance (Fibonacci extension, horizontal swing high resistance) for a push down to 85.89 support (Fibonacci retracement, horizontal overlap support).
Stochastic (21,5,3) sees strong resistance below the 95% level.
Sell below 86.72. Stop loss is at 85.98. Take profit is at 87.10.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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