AUDJPY broke out of ascending trendline support to the downside! Further drop expected!


Trading Recommendation

Entry: 65.708

Reason for Entry: Long term moving average resistance

Take Profit : 62.930

Reason for Take Profit: 61.8% Fibonacci retracement, graphical swing low

Stop Loss: 66.634

Reason for Stop loss: 61.8% Fibonacci retracement, ascending trendline resistance

The material has been provided by InstaForex Company –