AUDJPY: Rising Towards Strong Resistance Short From resistance
Price is rising toward a very solid resistance level which also aligns with the 127.2% Fibonacci retracement
As you ca see, the Stochastic indicator is also in the overbought territory
I believe a rejection from this level could lead the price to drop toward the support level which also lines up with the 100% Fibonacci retracement.
As you ca see, the Stochastic indicator is also in the overbought territory
I believe a rejection from this level could lead the price to drop toward the support level which also lines up with the 100% Fibonacci retracement.
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