AUDJPY bouncing off support, further potential rise!

7 мая 2018 г.

Price is bouncing off our first support at 81.89 (horizontal overlap support, 61.8% Fibonacci retracement) which coincides with our short term ascending support line. A further rally might occur above this level, pushing price up to our major resistance at 82.59 (horizontal swing high resistance, 38.2% Fibonacci retracement).
Stochastic (34,5,3) is also seeing a bullish divergence and might be a good precursor for a further potential rise in price.
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