AUDJPY Approaching Resistance, Potential Drop!
AUDJPY is approaching our first resistance at 80.77 (horizontal pullback resistance, 23.6% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 79.26 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension).
RSI (89) is seeing a bearish exit and might see a corresponding drop in price.
RSI (89) is seeing a bearish exit and might see a corresponding drop in price.
Disclaimer
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.
Disclaimer
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.