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AUDJPY approaching resistance, potential drop!

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Dólar australiano/Yen japonés (FX:AUDJPY)  
easyMarkets Broker  
FX:AUDJPY   Dólar australiano/Yen japonés
Trend Analysis Harmonic Patterns Chart Patterns AUDJPY aud jpy audjpylong audjpyshort
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trendanalysis harmonicpatterns chartpattern audjpy aud jpy audjpylong audjpyshort
AUDJPY is approaching our first resistance at 79.01 (horizontal pullback resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur to our major support at 78.39 (horizontal swing low support, 50% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance.
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Losses can exceed the initial investment so please ensure you fully understand the risks.

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