InstaForex - Analytics

    InstaForex

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    AUD/JPY Trading Recommendation for 15th June 2016

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    We're seeing a strong fibonacci projection support at 77.50 along with it being a graphical swing low it corresponds with the RSI's 30% support and a bullish divergence vs the RSI. All these add to a strong conviction we have on seeing AUD/JPY bounce above this level to at least 78.90.

    Trading recommendations:

    Entry now and once more at 77.50

    Take profit at 78.90

    Stop loss at 76.70


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