AUDJPY is approaching resistance, potential for a drop!
AUDJPY is approaching its major resistance at 82.504(100% Fibonacci extension, 61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where a potential reaction may occur, pushing price down to its support at 81.479 (61.8% Fibonacci retracement, horizontal swing low support). We have also identified another resistance at 82.996 (61.8% Fibonacci retracement).
Stochastic (89, 5, 3) is at 98% resistance where a corresponding reaction may occur.
Stochastic (89, 5, 3) is at 98% resistance where a corresponding reaction may occur.
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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.