Trade Alerts

AUD/JPY profit target reached again, prepare to sell

June 16, 2017
Comments off

Price has shot up and reached our profit target perfectly. We prepare to sell below 84.53 resistance (Fibonacci extension, horizontal swing high resistance) for a push down to at least 83.90 support (Fibonacci retracement, horizontal pullback support).

Stochastic (34,5,3) is seeing strong resistance below 93% where we expect a drop from.

Correlation analysis: We’re expecting general JPY strength with drops on EUR/JPY and AUD/JPY expected.

Sell below 84.53. Stop loss at 84.88. Take profit at 83.90.


The material has been provided by InstaForex Company –

Comments are closed.