AUDJPY bounced nicely off its support, potential to rise further
AUDJPY bounced nicely from its support where it could potentially rise further to its resistance at 83.40 (61.8% Fibonacci retracement). There is however an intermediate resistance at 83.01 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) that we have to be cautious about.
Stochastic (89, 5, 3) bounced nicely off its support at 1.06% where it has a lot of upside potential.
Stochastic (89, 5, 3) bounced nicely off its support at 1.06% where it has a lot of upside potential.
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