LeoPrime Daily Market Analysis

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AUDJPY crosses its last low, clings in the neighbourhood of 79.100

AUDJPY dropping below the last day Low at 79.167 , finding a strong support near 79.100 region. AUDJPY pair dropped -0.77% from the start of this week and expecting to bounce back at the support in the 50% Fibonacci series. According to the price action shown in the last hour forming a Doji , bears are losing their power in 79.100 region. As of writing, price at 79.175, Bullish reversal is expected in this region with minimum risk to target above the last high at 79.600 and further. On the other side, Bears have equal power to change the trend if bears tries to break the 79.100 barrier and drop till 78.800.

AUDJPY TODAY:
D
aily open: 79.413
Daily Last high: 79.818
Daily Last Low: 78.335
Daily current growth: -1.20%

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