AUDJPY dropped perfectly as forecasted, prepare for a bounce

٢٢ يناير ٢٠١٨

Price has dropped absolutely perfectly as forecasted and has reached our major support level. A strong bounce could occur at this major support level 88.43 (Fibonacci retracement, horizontal overlap support) which could drive price up towards 89.03 resistance (Fibonacci extension, horizontal swing high resistance).

Stochastic (34,5,3) is seeing major support above 2.6% where a corresponding bounce could occur.

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