AUDJPY Is Approaching Resistance, Lookout For A Reversal

١٥ مايو ٢٠١٨

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.