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AUD/JPY holds above our ascendants of support, remains bullish — Forex Stock Trade




AUD/JPY holds above our ascendants of support, remains bullish




The price is to see strong support above 88.92 (Fibonacci retracement, increasing support) and we expect to see the price continue on its upward trend, making a push up to 89.79 resistance (Fibonacci retracement, horizontal recoil of the resistance).

Stochastic (34,3,1), it is to see a strong support above 5%, and we expect a rebound above this level.

Buy above 88.92. Stop loss at 88.50. Take profit at 89.79.



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