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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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AUD/JPY at major support, turn bullish

Price is now approaching major support at 83.74 (Fibonacci retracement, Fibonacci projection, horizontal support) where we expect a bounce from for price to the 84.92 resistance (horizontal overlap resistance, Fibonacci projection, Fibonacci retracement).

Stochastic (21,5,3) is seeing major support above the 14% level.

Buy above 83.74. Stop loss at 83.09. Take profit at 84.92.

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The material has been provided by InstaForex Company - www.instaforex.com