AUDJPY Approaching Support, Prepare For A Bounce

AUDJPY is approaching its support at 77.55 (horizontal swing low support, 100% Fibonacci extension, 23.6% Fibonacci retracement) where it could potentially bounce to its resistance at 78.38 (50% Fibonacci retracement, horizontal pullback resistance).

Stochastic (89, 5, 3) is approaching its support where a corresponding bounce could occur.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.