AUDJPY remain bullish above strong support
Buy above 86.17. Stop loss at 85.80. Take profit at 87.17.
Reason for the trading strategy (technically):
We remain bullish above 86.17 support (Fibonacci retracement, horizontal swing low support) where we expect a bounce from to at least 87.17 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (55,5,3) is seeing strong support above the 10% level where we hope to see a further bounce from.
Reason for the trading strategy (technically):
We remain bullish above 86.17 support (Fibonacci retracement, horizontal swing low support) where we expect a bounce from to at least 87.17 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (55,5,3) is seeing strong support above the 10% level where we hope to see a further bounce from.