AUDJPY Is Approaching Resistance, Lookout For A Reversal
AUDJPY is approaching its resistance at 82.85 (61.8% Fibonacci retracement, 61.8% Fibonacci retracement, horizontal swing high resistance) where price could react off it, potentially causing it to fall to its support at 81.727 (61.8% Fibonacci retracement, horizontal overlap support).
Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected. We have also identified a bearish divergence with price which contributes to our bearish bias.
Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected. We have also identified a bearish divergence with price which contributes to our bearish bias.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.