mbon99

Strong support, highly expected to rise

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FX:AUDJPY   Australiensisk dollar/Japansk yen
AUDJPY is right now trading at a massively strong support area seen being respected back in 26 sep 2011 and again in 27 jan 2016. It has reached it low in the current up-and-down trend looking to make a move upwards once more. Also, RSI shows oversold in daily chart, so that's another indicator for a move upwards. Hence this, buy now, BUT if it breaks the strong support it could get really ugly really quickly; I don't believe that though.
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