AUDJPY approaching resistance, watch for breakout!
Price is approaching our first resistance at 83.71 (horizontal swing high resistance, 78.6% Fibonacci retracement) and a breakout above this level might push price up to our major resistance at 84.58 (horizontal swing high resistance, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias.
RSI (89) is also seeing a bullish exit and we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (89) is also seeing a bullish exit and we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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