# AUDJPY Pullback Trade (August 26, 2014) Source: https://www.tradersway.com/resources/market-info/audjpy-pullback-trade-august-26-2014/ Language: en Updated: 2014-08-26 Description: Explore AUDJPY Pullback Trade (August 26, 2014). AUDJPY recently. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. AUDJPY recently made a strong break past the 96.00 major psychological resistance level, which has acted as a long-term ceiling for price rallies. This could be a sign that more gains are in the cards for the pair, but a correction might take place first before it heads further north. Using the Fibonacci retracement tool on the latest swing high and low shows that the 38.2% level lines up with the 96.00 mark, which might serve as support moving forward. Stochastic is making its way in the oversold zone, which is a sign that buying momentum could return soon. Going long at the 96.00 mark with a stop below the 61.8% Fib or the 95.00 handle and a target of new highs near 98.00 or higher could yield at least a 2:1 return on risk. A market entry could also work if stochastic crosses above the oversold area early, hinting that the climb could resume right away. ![AUDJPY Pullback Trade (August 26, 2014)] Adjusting the stop to entry once price hits the 97.00 mark or previous highs could be a good way to minimize exposure or lock in gains. Adding on the break of the previous highs could improve the return on risk. *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/audjpy-pullback-trade-august-26-2014/#primary", "url": "https://www.tradersway.com/resources/market-info/audjpy-pullback-trade-august-26-2014/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/audjpy-pullback-trade-august-26-2014/", "headline": "AUDJPY Pullback Trade (August 26, 2014)", "inLanguage": "en", "datePublished": "2014-08-26T11:25:45+00:00", "dateModified": "2014-08-26T11:25:45+00:00", "articleSection": "Market Info", "description": "Explore AUDJPY Pullback Trade (August 26, 2014). AUDJPY recently. 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