AUDJPY is on bullish momentum! | 15 Nov 2021

Price has recently broken out of our bullish trendline and is at a Pivot . We see the potential for a trend reversal from our 1st support at 83.502 in line with 38.2% Fibonacci retracement , 161.8% Fibonacci extension , and graphical overlap towards our 1st resistance at 84.564 in line with 100% Fibonacci extension and 50% Fibonacci retracement . Alternatively, our stop loss will be placed at 2nd support at 82.989 in line with bullish trendline and graphical overlap. Technical indicators are showing bullish momentum.

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