FX.co ★ AUDJPY testing 1st support, potential for a bounce!

AUDJPY is testing our 1st suppor at 75.26 where the horizontal swing low is. Price could touch 1st support and bounce from there. Take caution that Ichimoku signals that further downside could come.

Trading Recommendation

Entry: 75.26

Reason for Entry:

horizontal swing low

Take Profit: 75.69

Reason for Take Profit:

38.2% fib retracement

Stop Loss: 74.93

Reason for Stop Loss:

161.8% fib retracement