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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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AUDJPY facing bearish pressure from resistance, potential reversal

Trading Recommendation

Entry: 74.579

Reason for Entry: 50% fibonacci retracement, 100% fibonacci extension and horizontal pullback resistance

Take Profit: 73.854

Reason for Take Profit: Horizontal swing low support, 76.4% fibonacci retracement

Stop Loss: 75.061

Reason for Take Profit: Horizontal swing high resistance

The material has been provided by InstaForex Company - www.instaforex.com