AUDJPY holding and reacting above ascending trendline support. A further push up above 1st support at 84.535 towards 1st resistance at 84.991 could be possible. Technical indicators are bullish as well.
Reason for Entry:
38.20% Fibonacci retracement, Ascending trendline support
Take Profit: 84.991
Reason for Take Profit:
-27.20% Fibonacci retracement
Stop Loss: 84.398
Reason for Stop Loss:
61.8% Fibonacci retracement
The material has been provided by InstaForex Company – www.instaforex.com
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