AUDJPY potential for dip | 22nd Oct
Price has recently broke the ascending trendline and can potentially dip further down to the take profit level of 84.038 which is also 38.2% and 100% . The take profit level is also a graphical overlap support. Our buy entry is placed at 86.243 where we are waiting for a retest before the dip further down.
Price has recently break out from the ascending and can potentially retest the sell entry price of 0.74550 which is 50% . Price can then potentially dip to the take profit level of 0.73810 which is also 38.2% level and 78.6% level. Our bias is supported by our moving averages as price is trading below it.
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