AUD/JPY Broke Out Of Its Ascending Support, Remain Bearish
April 18, 2018 4:22 am
AUD/JPY broke out of its ascending support where we look to sell on strength at 83.311 (23.6% Fibonacci retracement, horizontal overlap resistance). We expect prices to push down all the way to its support at 82.652.
RSI (89) shows a corresponding break out where we expect to see a similar drop.
Sell below 83.311. Stop loss at 83.659. Take profit at 82.652.
The material has been provided by InstaForex Company – www.instaforex.com
AUD/JPY broke out of its ascending support where we look to sell on strength at 83.311 (23.6% Fibonacci retracement, horizontal overlap resistance). We expect prices to push down all the way to its support at 82.652.
RSI (89) shows a corresponding break out where we expect to see a similar drop.
Sell below 83.311. Stop loss at 83.659. Take profit at 82.652.
The material has been provided by InstaForex Company – www.instaforex.com
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