AUDJPY approaching resistance, potential drop!
AUDJPY is approaching our first resistance at 80.03 (horizontal swing high resistance, 38.2% fibonacci retracement) and a strong drop might occur pushing price down to our major support at 82.37 (horizontal pullback support, 100% fibonacci extension, 50% fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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