FX.co ★ AUDJPY holding above ascending trendline support!

Price holding above ascending trendline support. A bounce above 61.8% Fibonacci retracement and 1st support at 76.35 towards 1st resistance at 76.71 is possible..

Trading Recommendation

Entry: 76.35

Reason for Entry:

ascending trendline resistance, 61.8% Fibonacci retracement

Take Profit: 76.71

Reason for Take Profit:

Horizontal swing high, 61.8% fib extension

Stop Loss: 76.19

Reason for Stop Loss:

61.8% Fibonacci retracement