AUDJPY is approaching resistance, potential for a drop!
AUDJPY is approaching its major resistance at 82.504(100% Fibonacci extension, 61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where a potential reaction may occur, pushing price down to its support at 81.479 (61.8% Fibonacci retracement, horizontal swing low support). We have also identified another resistance at 82.996 (61.8% Fibonacci retracement).
Stochastic (89, 5, 3) is at 98% resistance where a corresponding reaction may occur.
Stochastic (89, 5, 3) is at 98% resistance where a corresponding reaction may occur.
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