AUDJPY approaching resistance, potential drop!
AUDJPY is approaching our first resistance at 78.84 (horizontal pullback resistance, 161.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 75.94 (38.2% Fibonacci retracement).
Stochastic (55,5,3) is also approaching our first resistance and we are seeing a bearish divergence where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (55,5,3) is also approaching our first resistance and we are seeing a bearish divergence where we might see a corresponding drop in price.
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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